ADVOKATFIRMA VARJAG AS: årsregnskap 1999 vs 1998
Shrank 111% on revenue, returned to profit, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ADVOKATFIRMA VARJAG AS. Revenue 18.9k NOK → -2 022 NOK (-110.7%). Net result -24.2k NOK → +103.2k NOK. Equity 345.8k NOK → -242.7k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA VARJAG AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +7 903 NOK → +125.7k NOK (op. margin 41.8% → -6214.6%). Calculated
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Turned profitable
Net result flipped from a loss of 24.2k NOK to a profit of 103.2k NOK. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 18.9k NOK to -2 022 NOK (-110.7% YoY). Calculated
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Equity eroded
Book equity 345.8k NOK → -242.7k NOK (equity ratio 70.8% → -59.4%). Calculated
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Cash fell
Bank deposits 228.3k NOK → 213.8k NOK (-6.4% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 31.83× → -2.46× — 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 -59.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation