AB PROFILERING AS: årsregnskap 1998 vs 1997
Another loss-making year
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for AB PROFILERING AS. Equity -7 172 NOK → -23.7k NOK.
Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AB PROFILERING AS.
At a glance
Scorecard
Revenue
n/m
971.3k NOK
—
Operating result
-29.1k NOK
-127.8k NOK
-338.5%
Net result
n/m
-216.5k NOK
—
Equity
-7 172 NOK
-23.7k NOK
-230.4%
Total assets
493.8k NOK
393.4k NOK
-20.3%
What deteriorated
-
↓
Operating result weakened
Operating result -29.1k NOK → -127.8k NOK. Calculated
-
↓
Equity eroded
Book equity -7 172 NOK → -23.7k NOK (equity ratio -1.5% → -6.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation