AB PROFILERING AS: årsregnskap 1999 vs 1998
Shrank 11% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AB PROFILERING AS. Revenue 971.3k NOK → 862.7k NOK (-11.2%). Net result -216.5k NOK → -2 603 NOK. Equity -23.7k NOK → -26.3k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AB PROFILERING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -127.8k NOK → +41.7k NOK (op. margin -13.2% → 4.8%). Calculated
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↑
Net result improved
Net result -216.5k NOK → -2 603 NOK (net margin -22.3% → -0.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 971.3k NOK to 862.7k NOK (-11.2% YoY). Calculated
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↓
Equity eroded
Book equity -23.7k NOK → -26.3k NOK (equity ratio -6.0% → -5.3%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 999 NOK → 133.7k NOK (0% → 15% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 392.6k NOK → 269.2k NOK (-31.4% YoY). Calculated