ACTIVE FYSIOTERAPI OG MANUELLTERAPI AS: årsregnskap 1999 vs 1998
Grew 19% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ACTIVE FYSIOTERAPI OG MANUELLTERAPI AS. Revenue 429.8k NOK → 511.0k NOK (+18.9%). Net result -68.0k NOK → -28.6k NOK. Equity -16.5k NOK → -45.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIVE FYSIOTERAPI OG MANUELLTERAPI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 429.8k NOK to 511.0k NOK (+18.9% YoY). Calculated
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↑
Operating result improved
Operating result -53.0k NOK → +40.0k NOK (op. margin -12.3% → 7.8%). Calculated
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↑
Net result improved
Net result -68.0k NOK → -28.6k NOK (net margin -15.8% → -5.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -16.5k NOK → -45.1k NOK (equity ratio -7.0% → -22.9%). Calculated
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↓
Cash fell
Bank deposits 10.5k NOK → 4 525 NOK (-57.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -22.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation