ABENA NORGE AS: årsregnskap 2000 vs 1999
Shrank 99% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2000 with 1999 for ABENA NORGE AS. Revenue 970.2k NOK → 9 825 NOK (-99.0%). Net result -920.0k NOK → -2.47m NOK. Equity 420.0k NOK → 426.6k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABENA NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 420.0k NOK → 426.6k NOK (equity ratio 24449.9% → 4.5%). Calculated
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↑
Cash rose
Bank deposits 119.8k NOK → 3.80m NOK (+3069.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 970.2k NOK to 9 825 NOK (-99.0% YoY). Calculated
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↓
Operating result weakened
Operating result +912.4k NOK → -2.38m NOK (op. margin 94.0% → -24234.1%). Calculated
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↓
Net result weakened
Net result -920.0k NOK → -2.47m NOK (net margin -94.8% → -25102.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 408.4k NOK → 1.94m NOK (42% → 19736% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 500.0k NOK → 600 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 879.7k NOK → 162.3k NOK (-81.5% YoY). Calculated