A/S Spilka Industri: årsregnskap 1999 vs 1998
Grew 6% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A/S Spilka Industri. Revenue 96.84m NOK → 102.98m NOK (+6.3%). Net result +1 998 NOK → +147.41m NOK. Equity 60.85m NOK → 58.62m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S Spilka Industri.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 96.84m NOK to 102.98m NOK (+6.3% YoY). Calculated
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Net result improved
Net result +1 998 NOK → +147.41m NOK (net margin 0.0% → 143.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +18.83m NOK → +21.6k NOK (op. margin 19.4% → 0.0%). Calculated
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↓
Equity eroded
Book equity 60.85m NOK → 58.62m NOK (equity ratio 56.2% → 51.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.21× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 19.25m NOK → 20.11m NOK (20% → 20% of revenue). Calculated
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COGS fell
COGS / varekostnad 28.79m NOK → 28.10m NOK (-2.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 7.94m NOK → 44.26m NOK. Reported fact