A/S SØRENSEN OG BALCHEN: årsregnskap 1999 vs 1998
Grew 385% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A/S SØRENSEN OG BALCHEN. Revenue 260.43m NOK → 1.26bn NOK (+385.2%). Net result +34.33m NOK → +26.06m NOK. Equity 108.82m NOK → 129.87m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A/S SØRENSEN OG BALCHEN.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 260.43m NOK to 1.26bn NOK (+385.2% YoY). Calculated
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↑
Equity strengthened
Book equity 108.82m NOK → 129.87m NOK (equity ratio 55170.6% → 49.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +31.03m NOK → +30.61m NOK (op. margin 11.9% → 2.4%). Calculated
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↓
Net result weakened
Net result +34.33m NOK → +26.06m NOK (net margin 13.2% → 2.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 23.27m NOK → 25.15m NOK (9% → 2% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 180.02m NOK → 183.04m NOK (+1.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 623.0k NOK → 705.1k NOK. Reported fact