ABA ELEKTRO AS: årsregnskap 1999 vs 1998
Grew 13% on revenue
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ABA ELEKTRO AS. Revenue 7.49m NOK → 8.44m NOK (+12.7%). Equity 31.0k NOK → 14.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABA ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.49m NOK to 8.44m NOK (+12.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +193.6k NOK → +165.8k NOK (op. margin 2.6% → 2.0%). Calculated
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↓
Equity eroded
Book equity 31.0k NOK → 14.0k NOK (equity ratio 1.1% → 0.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.70m NOK → 3.12m NOK (36% → 37% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.39m NOK → 3.69m NOK (+8.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10.2k NOK → 50.1k NOK. Reported fact