ACTIVE GOLF AS: årsregnskap 1999 vs 1998
Shrank 22% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ACTIVE GOLF AS. Revenue 2.68m NOK → 2.10m NOK (-21.6%). Net result +380.6k NOK → +280.4k NOK. Equity 365.5k NOK → 645.9k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACTIVE GOLF AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 365.5k NOK → 645.9k NOK (equity ratio 123.8% → 46.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.35× → 2.15×. Calculated
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↑
Payroll decreased
Salary cost 339.9k NOK → -464.3k NOK (13% → -22% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.68m NOK to 2.10m NOK (-21.6% YoY). Calculated
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↓
Operating result weakened
Operating result +726.5k NOK → +453.7k NOK (op. margin 27.1% → 21.6%). Calculated
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↓
Net result weakened
Net result +380.6k NOK → +280.4k NOK (net margin 14.2% → 13.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 342.5k NOK → -1.48m NOK (-532.6% YoY). Calculated