ADVANCED FIBER OPTICS AS: årsregnskap 2000 vs 1999
Grew 197% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2000 with 1999 for ADVANCED FIBER OPTICS AS. Revenue -405.7k NOK → 393.4k NOK (+197.0%). Net result +173.5k NOK → -367.2k NOK. Equity -59.5k NOK → -307.7k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVANCED FIBER OPTICS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from -405.7k NOK to 393.4k NOK (+197.0% YoY). Calculated
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Operating result improved
Operating result +100.1k NOK → +100.3k NOK (op. margin -24.7% → 25.5%). Calculated
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Current ratio back above 1×
Current ratio -4.53× → 11.13×. Calculated
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Owners injected capital
Paid-in equity rose -50.0k NOK → 50.0k NOK (+100.0k NOK). Reported fact
What deteriorated
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Fell into a net loss
Net result flipped from 173.5k NOK profit to a loss of 367.2k NOK. Calculated
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Equity eroded
Book equity -59.5k NOK → -307.7k NOK (equity ratio -6.7% → -64.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -64.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 41.6k NOK → 21.2k NOK (-49.0% YoY). Calculated