ACUSTUS SVEIS AS: årsregnskap 1999 vs 1998
Shrank 32% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ACUSTUS SVEIS AS. Revenue 8.82m NOK → 5.99m NOK (-32.1%). Net result +896.1k NOK → +132.6k NOK. Equity 533.4k NOK → 666.0k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACUSTUS SVEIS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +128.8k NOK → +403.2k NOK (op. margin 1.5% → 6.7%). Calculated
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↑
Equity strengthened
Book equity 533.4k NOK → 666.0k NOK (equity ratio 13.9% → 6.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.82m NOK to 5.99m NOK (-32.1% YoY). Calculated
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↓
Net result weakened
Net result +896.1k NOK → +132.6k NOK (net margin 10.2% → 2.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.14× → 0.41× — 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 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.58m NOK → 949.9k NOK (-40.1% YoY). Calculated