ABICON AS: årsregnskap 1999 vs 1998
Shrank 79% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ABICON AS. Revenue 8.50m NOK → 1.74m NOK (-79.5%). Net result +732.2k NOK → +295.5k NOK. Equity 955.8k NOK → 649.2k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ABICON AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +23.6k NOK → +478.6k NOK (op. margin 0.3% → 27.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.50m NOK to 1.74m NOK (-79.5% YoY). Calculated
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↓
Net result weakened
Net result +732.2k NOK → +295.5k NOK (net margin 8.6% → 16.9%). Calculated
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↓
Equity eroded
Book equity 955.8k NOK → 649.2k NOK (equity ratio 32.8% → 35.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 331 NOK → 359.9k NOK (0% → 21% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 660.0k NOK → 50.0k NOK — check capital reduction, conversion, or reclassification. Interpretation