ADMIN AS: årsregnskap 1999 vs 1998
Weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ADMIN AS. Revenue -5.40m NOK → -5.35m NOK (+0.9%). Net result -11.9k NOK → -533.0k NOK. Equity 419.6k NOK → -552.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADMIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from -5.40m NOK to -5.35m NOK (+0.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +115.0k NOK → -673.0k NOK (op. margin -2.1% → 12.6%). Calculated
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↓
Net result weakened
Net result -11.9k NOK → -533.0k NOK (net margin 0.2% → 10.0%). Calculated
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↓
Equity eroded
Book equity 419.6k NOK → -552.6k NOK (equity ratio 17.5% → -32.9%). Calculated
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↓
Cash fell
Bank deposits 525.5k NOK → 467.9k NOK (-11.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -32.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 741.4k NOK → 783.6k NOK. Calculated
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·
COGS fell
COGS / varekostnad 3.24m NOK → 3.10m NOK (-4.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 10.0k NOK. Reported fact