A VISNES TRANSPORT AS: årsregnskap 1997 vs 1996
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 1997 with 1996 for A VISNES TRANSPORT AS. Revenue 18.45m NOK → 17.90m NOK (-3.0%). Equity 1.28m NOK → 986.0k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A VISNES TRANSPORT AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 18.45m NOK to 17.90m NOK (-3.0% YoY). Calculated
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↓
Operating result weakened
Operating result +24.2k NOK → -125.8k NOK (op. margin 0.1% → -0.7%). Calculated
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↓
Equity eroded
Book equity 1.28m NOK → 986.0k NOK (equity ratio 12.1% → 9.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 4.01m NOK → 4.24m NOK (22% → 24% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 3.08m NOK → 3.40m NOK (+10.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation