A-VET SMÅDYRKLINIKK AS: årsregnskap 2000 vs 1999
Grew 38% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2000 with 1999 for A-VET SMÅDYRKLINIKK AS. Revenue 1.28m NOK → 1.77m NOK (+37.7%). Net result -28.7k NOK → -111.7k NOK. Equity 70.6k NOK → -41.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A-VET SMÅDYRKLINIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.28m NOK to 1.77m NOK (+37.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -27.2k NOK → -119.3k NOK (op. margin -2.1% → -6.7%). Calculated
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↓
Net result weakened
Net result -28.7k NOK → -111.7k NOK (net margin -2.2% → -6.3%). Calculated
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↓
Equity eroded
Book equity 70.6k NOK → -41.0k NOK (equity ratio 17.6% → -5.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.20× → 0.84× — 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 -5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 615.3k NOK → 738.7k NOK (48% → 42% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 275.8k NOK → 424.0k NOK (+53.7% YoY). Calculated