ACRYLICON MIDT- OG VEST- NORGE AS: årsregnskap 1999 vs 1998
Grew 21% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ACRYLICON MIDT- OG VEST- NORGE AS. Revenue 8.26m NOK → 9.98m NOK (+20.8%). Equity 593.9k NOK → 10.6k NOK.
On the constructive side: revenue rose; owners injected capital; payroll decreased. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACRYLICON MIDT- OG VEST- NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.26m NOK to 9.98m NOK (+20.8% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 360.0k NOK → 491.4k NOK (+131.4k NOK). Reported fact
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↑
Payroll decreased
Salary cost 911.7k NOK → 537.1k NOK (11% → 5% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +366.0k NOK → +217.3k NOK (op. margin 4.4% → 2.2%). Calculated
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↓
Equity eroded
Book equity 593.9k NOK → 10.6k NOK (equity ratio 24.3% → 0.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 5.72m NOK → 6.87m NOK (+20.1% YoY). Calculated