ABILDSØ ELEKTRISKE AS: årsregnskap 1999 vs 1998
Grew 14% on revenue
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ABILDSØ ELEKTRISKE AS. Revenue 10.26m NOK → 11.70m NOK (+14.0%). Equity 660.9k NOK → 227.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABILDSØ ELEKTRISKE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.26m NOK to 11.70m NOK (+14.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +273.5k NOK → -403.5k NOK (op. margin 2.7% → -3.4%). Calculated
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↓
Equity eroded
Book equity 660.9k NOK → 227.0k NOK (equity ratio 14.8% → 7.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.17m NOK → 5.54m NOK (41% → 47% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.99m NOK → 4.90m NOK (+63.7% YoY). Calculated