FirmaIQ
Org.nr 968 913 468 1998 → 1999 Year-over-year analysis

ABAS AS: årsregnskap 1999 vs 1998

Weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 1999 with 1998 for ABAS AS. Revenue 9.85m NOK → 10.31m NOK (+4.7%). Net result +620.9k NOK → +330.2k NOK. Equity 1.13m NOK → 960.2k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABAS AS.

At a glance

Scorecard

Revenue
9.85m NOK 10.31m NOK
+4.7%
Operating result
+980.9k NOK +421.3k NOK
-57.0%
Net result
+620.9k NOK +330.2k NOK
-46.8%
Equity
1.13m NOK 960.2k NOK
-15.0%
Cash
601.1k NOK 4.22m NOK
+602.3%
Total assets
4.69m NOK 4.40m NOK
-6.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.85m NOK to 10.31m NOK (+4.7% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 601.1k NOK → 4.22m NOK (+602.3% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +980.9k NOK → +421.3k NOK (op. margin 10.0% → 4.1%). Calculated

  • ↓

    Net result weakened

    Net result +620.9k NOK → +330.2k NOK (net margin 6.3% → 3.2%). Calculated

  • ↓

    Equity eroded

    Book equity 1.13m NOK → 960.2k NOK (equity ratio 24.1% → 21.8%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.31× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 5 NOK → 7.17m NOK (+143462620.0% YoY). Calculated