Org.nr 852 339 942 1997 → 1998 Year-over-year analysis

AEROTECH AS: årsregnskap 1998 vs 1997

Shrank 38% on revenue

Summary

What changed

Comparing Årsregnskap 1998 with 1997 for AEROTECH AS. Revenue 518.1k NOK → 323.6k NOK (-37.5%). Equity 110.2k NOK → 96.5k NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AEROTECH AS.

At a glance

Revenue

518.1k NOK 323.6k NOK

-37.5%

Operating result

-46.4k NOK +22.1k NOK

+147.7%

Equity

110.2k NOK 96.5k NOK

-12.4%

Total assets

170.8k NOK 173.2k NOK

+1.4%

↑
Operating result improved

Operating result -46.4k NOK → +22.1k NOK (op. margin -9.0% → 6.8%). Calculated
↑
Payroll decreased

Salary cost 271.6k NOK → 186.7k NOK (52% → 58% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 518.1k NOK to 323.6k NOK (-37.5% YoY). Calculated
↓
Equity eroded

Book equity 110.2k NOK → 96.5k NOK (equity ratio 64.5% → 55.7%). Calculated