AB LIFTUTLEIE AS: årsregnskap 1999 vs 1998
Shrank 228% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AB LIFTUTLEIE AS. Revenue 2.42m NOK → -3.09m NOK (-227.8%). Net result -548.6k NOK → -570.2k NOK. Equity 830.5k NOK → -916.4k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AB LIFTUTLEIE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 277.4k NOK → 562.1k NOK (+102.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.42m NOK to -3.09m NOK (-227.8% YoY). Calculated
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↓
Operating result weakened
Operating result +824.3k NOK → -830.5k NOK (op. margin 34.1% → 26.9%). Calculated
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↓
Equity eroded
Book equity 830.5k NOK → -916.4k NOK (equity ratio 29.7% → -26.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.73× → -0.14× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 335.5k NOK → 357.9k NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -26.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 150.0k NOK → 306 NOK. Reported fact