AB PROFILERING AS: årsregnskap 2000 vs 1999
Shrank 70% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2000 with 1999 for AB PROFILERING AS. Revenue 862.7k NOK → 261.1k NOK (-69.7%). Net result -2 603 NOK → -85.2k NOK. Equity -26.3k NOK → -111.5k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AB PROFILERING AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.97× → 1.20×. Calculated
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↑
Payroll decreased
Salary cost 133.7k NOK → 112.5k NOK (15% → 43% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 862.7k NOK to 261.1k NOK (-69.7% YoY). Calculated
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↓
Operating result weakened
Operating result +41.7k NOK → -49.9k NOK (op. margin 4.8% → -19.1%). Calculated
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↓
Net result weakened
Net result -2 603 NOK → -85.2k NOK (net margin -0.3% → -32.6%). Calculated
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↓
Equity eroded
Book equity -26.3k NOK → -111.5k NOK (equity ratio -5.3% → -17.0%). Calculated
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↓
COGS moved
COGS / varekostnad 269.2k NOK → 545.4k NOK (+102.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -17.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation