A VISNES TRANSPORT AS: årsregnskap 1998 vs 1997
Shrank 7% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for A VISNES TRANSPORT AS. Revenue 17.90m NOK → 16.69m NOK (-6.7%). Equity 986.0k NOK → 45.4k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A VISNES TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -125.8k NOK → +163.4k NOK (op. margin -0.7% → 1.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.90m NOK to 16.69m NOK (-6.7% YoY). Calculated
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↓
Equity eroded
Book equity 986.0k NOK → 45.4k NOK (equity ratio 9.4% → 0.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 4.24m NOK → 4.40m NOK (24% → 26% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.40m NOK → 2.55m NOK (-25.0% YoY). Calculated