A SÆVIK AS: årsregnskap 1999 vs 1998
Weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A SÆVIK AS. Revenue 6.49m NOK → 6.49m NOK (-0.1%). Net result +51.2k NOK → +3 284 NOK. Equity 196.9k NOK → 200.2k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A SÆVIK AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 196.9k NOK → 200.2k NOK (equity ratio 9.8% → 8.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.49m NOK to 6.49m NOK (-0.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +201.8k NOK → +158.5k NOK (op. margin 3.1% → 2.4%). Calculated
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↓
Net result weakened
Net result +51.2k NOK → +3 284 NOK (net margin 0.8% → 0.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 4.49m NOK → 4.25m NOK (-5.3% YoY). Calculated