A. WESTRE AS: årsregnskap 1999 vs 1998
Shrank 206% on revenue
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A. WESTRE AS. Revenue 15.39m NOK → -16.27m NOK (-205.7%). Equity 4.23m NOK → 3.97m NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for A. WESTRE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 15.39m NOK to -16.27m NOK (-205.7% YoY). Calculated
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↓
Operating result weakened
Operating result +285.3k NOK → +73.7k NOK (op. margin 1.9% → -0.5%). Calculated
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↓
Equity eroded
Book equity 4.23m NOK → 3.97m NOK (equity ratio 41.7% → 32.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.55× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 5.66m NOK → 6.50m NOK. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 306.0k NOK → 300.0k NOK — check capital reduction, conversion, or reclassification. Interpretation