A/S SørMek: årsregnskap 1998 vs 1997
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for A/S SørMek. Equity 695.3k NOK → 400.0k NOK.
Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S SørMek.
At a glance
Scorecard
Revenue
n/m
14.13m NOK
—
Operating result
+680.1k NOK
+659.1k NOK
-3.1%
Net result
n/m
+1.15m NOK
—
Equity
695.3k NOK
400.0k NOK
-42.5%
Total assets
4.43m NOK
5.66m NOK
+28.0%
What deteriorated
-
↓
Operating result weakened
Operating result +680.1k NOK → +659.1k NOK. Calculated
-
↓
Equity eroded
Book equity 695.3k NOK → 400.0k NOK (equity ratio 15.7% → 7.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation