AEROMOBILE AS: årsregnskap 1999 vs 1998
Slipped into loss
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AEROMOBILE AS. Net result +1.17m NOK → -1.08m NOK. Equity -17.91m NOK → -19.00m NOK.
On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEROMOBILE AS.
At a glance
Scorecard
Operating result
-62.3k NOK
-5 560 NOK
+91.1%
Net result
+1.17m NOK
-1.08m NOK
-192.3%
Equity
-17.91m NOK
-19.00m NOK
-6.1%
Total assets
258.1k NOK
226.3k NOK
-12.3%
What improved
-
↑
Operating result improved
Operating result -62.3k NOK → -5 560 NOK. Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 1.17m NOK profit to a loss of 1.08m NOK. Calculated
-
↓
Equity eroded
Book equity -17.91m NOK → -19.00m NOK (equity ratio -6940.0% → -8395.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -8395.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation