A ULVESETH AS: årsregnskap 1997 vs 1996
Stronger earnings
Summary
What changed
Comparing Årsregnskap 1997 with 1996 for A ULVESETH AS. Net result +291.7k NOK → +621.4k NOK. Equity 1.25m NOK → -1.68m NOK.
On the constructive side: net result improved. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A ULVESETH AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +291.7k NOK → +621.4k NOK. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +637.5k NOK → +49.9k NOK. Calculated
-
↓
Equity eroded
Book equity 1.25m NOK → -1.68m NOK (equity ratio 18.3% → -24.7%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.86× — 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 -24.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation