A/S Voldsminde VII: årsregnskap 1997 vs 1996
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 1997 with 1996 for A/S Voldsminde VII. Revenue 304.63bn NOK → 298.59bn NOK (-2.0%). Equity -634.9k NOK → -687.0k NOK.
Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Voldsminde VII.
At a glance
Scorecard
Revenue
304.63bn NOK
298.59bn NOK
-2.0%
Equity
-634.9k NOK
-687.0k NOK
-8.2%
Total assets
2.00m NOK
1.99m NOK
-0.5%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 304.63bn NOK to 298.59bn NOK (-2.0% YoY). Calculated
-
↓
Equity eroded
Book equity -634.9k NOK → -687.0k NOK (equity ratio -31.7% → -34.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -34.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation