A/S SCAN AFRICAN: årsregnskap 1999 vs 1998
Shrank 97% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A/S SCAN AFRICAN. Revenue 907.1k NOK → 30.9k NOK (-96.6%). Net result +209.0k NOK → -853 NOK. Equity 1.24m NOK → 1.24m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S SCAN AFRICAN.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 907.1k NOK to 30.9k NOK (-96.6% YoY). Calculated
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Operating result weakened
Operating result +253.8k NOK → +25.4k NOK (op. margin 28.0% → 82.1%). Calculated
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Fell into a net loss
Net result flipped from 209.0k NOK profit to a loss of 853 NOK. Calculated
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Payroll up without matching revenue
Salary cost -410.4k NOK → -344.8k NOK (-45% → -1116% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 756.6k NOK → 707.4k NOK. Reported fact