A/S Vivat: årsregnskap 1998 vs 1997
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for A/S Vivat. Equity 778.5k NOK → 438.5k NOK.
On the constructive side: operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Vivat.
At a glance
Scorecard
Revenue
n/m
1.77m NOK
—
Operating result
+1 997 NOK
+7 860 NOK
+293.6%
Equity
778.5k NOK
438.5k NOK
-43.7%
Total assets
2.15m NOK
10.21m NOK
+375.8%
What improved
-
↑
Operating result improved
Operating result +1 997 NOK → +7 860 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 778.5k NOK → 438.5k NOK (equity ratio 36.3% → 4.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation