A SKAUG TRANSPORT AS: årsregnskap 1999 vs 1998
Grew 28% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A SKAUG TRANSPORT AS. Revenue 5.08m NOK → 6.49m NOK (+27.7%). Net result +10.9k NOK → -114.9k NOK. Equity 222.4k NOK → 107.4k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A SKAUG TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.08m NOK to 6.49m NOK (+27.7% YoY). Calculated
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↑
Operating result improved
Operating result +299.3k NOK → +344.1k NOK (op. margin 5.9% → 5.3%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 10.9k NOK profit to a loss of 114.9k NOK. Calculated
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↓
Equity eroded
Book equity 222.4k NOK → 107.4k NOK (equity ratio 2.8% → 1.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.52× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 275.4k NOK → 97.8k NOK (-64.5% YoY). Calculated