ABC AUTORISERTE KJØRESKOLE AS: årsregnskap 1999 vs 1998
Shrank 20% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ABC AUTORISERTE KJØRESKOLE AS. Revenue 1.75m NOK → 1.41m NOK (-19.5%). Equity -76.2k NOK → -166.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC AUTORISERTE KJØRESKOLE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 914.5k NOK → 815.7k NOK (52% → 58% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.75m NOK to 1.41m NOK (-19.5% YoY). Calculated
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↓
Operating result weakened
Operating result -15.6k NOK → -84.0k NOK (op. margin -0.9% → -6.0%). Calculated
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↓
Equity eroded
Book equity -76.2k NOK → -166.8k NOK (equity ratio -49.9% → -366.3%). Calculated
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↓
Cash fell
Bank deposits 67.0k NOK → 30.5k NOK (-54.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -366.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 55.6k NOK → 48.8k NOK (-12.2% YoY). Calculated