A ULVESETH AS: årsregnskap 1999 vs 1998
Grew 211% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A ULVESETH AS. Revenue -38.79m NOK → 43.02m NOK (+210.9%). Net result -549.1k NOK → -1.27m NOK. Equity -2.03m NOK → -3.00m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for A ULVESETH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from -38.79m NOK to 43.02m NOK (+210.9% YoY). Calculated
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↑
Cash rose
Bank deposits 2.39m NOK → 3.68m NOK (+54.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -801.5k NOK → -1.95m NOK (op. margin 2.1% → -4.5%). Calculated
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↓
Net result weakened
Net result -549.1k NOK → -1.27m NOK (net margin 1.4% → -3.0%). Calculated
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↓
Equity eroded
Book equity -2.03m NOK → -3.00m NOK (equity ratio -24.9% → -29.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -29.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 31.71m NOK → 34.42m NOK (+8.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2 800 NOK → 102.8k NOK. Reported fact