A STAKE AS: årsregnskap 1999 vs 1998
Grew 25% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A STAKE AS. Revenue 2.48m NOK → 3.09m NOK (+24.6%). Net result +11 NOK → +11.5k NOK. Equity 117.4k NOK → 105.9k 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: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A STAKE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.48m NOK to 3.09m NOK (+24.6% YoY). Calculated
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↑
Net result improved
Net result +11 NOK → +11.5k NOK (net margin 0.0% → 0.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +139.8k NOK → +66.2k NOK (op. margin 5.6% → 2.1%). Calculated
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↓
Equity eroded
Book equity 117.4k NOK → 105.9k NOK (equity ratio 9.1% → 7.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.17× → 0.96× — 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 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 3 NOK → 1.18m NOK (+39443766.7% YoY). Calculated