A/S Longvafisk: årsregnskap 1999 vs 1998
Shrank 49% on revenue
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A/S Longvafisk. Revenue 78.07m NOK → 39.83m NOK (-49.0%). Equity 3.98m NOK → 344.9k NOK.
On the constructive side: operating result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A/S Longvafisk.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -3.94m NOK → +394.6k NOK (op. margin -5.1% → 1.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.89× → 1.07×. Calculated
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↑
Payroll decreased
Salary cost 2.88m NOK → 2.43m NOK (4% → 6% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 78.07m NOK to 39.83m NOK (-49.0% YoY). Calculated
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↓
Equity eroded
Book equity 3.98m NOK → 344.9k NOK (equity ratio 34.2% → 5.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 70.35m NOK → 32.54m NOK (-53.7% YoY). Calculated