ABA-TECH AS: årsregnskap 1999 vs 1998
Grew 22% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ABA-TECH AS. Revenue -10.83m NOK → -8.46m NOK (+21.9%). Net result +304.5k NOK → -43.9k NOK. Equity -460.2k NOK → -504.2k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABA-TECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from -10.83m NOK to -8.46m NOK (+21.9% YoY). Calculated
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Operating result improved
Operating result -376.9k NOK → -183.0k NOK (op. margin 3.5% → 2.2%). Calculated
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Cash rose
Bank deposits 149.3k NOK → 703.1k NOK (+371.0% YoY). Calculated
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Payroll decreased
Salary cost 3.74m NOK → 3.41m NOK. Calculated
What deteriorated
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Fell into a net loss
Net result flipped from 304.5k NOK profit to a loss of 43.9k NOK. Calculated
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Equity eroded
Book equity -460.2k NOK → -504.2k NOK (equity ratio -10.5% → -12.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -12.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 4.40m NOK → 3.31m NOK (-24.7% YoY). Calculated