AEROTECH AS: årsregnskap 1999 vs 1998
Shrank 89% on revenue
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AEROTECH AS. Revenue 323.6k NOK → 35.0k NOK (-89.2%). Equity 96.5k NOK → 87.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEROTECH AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 186.7k NOK → 185 NOK (58% → 1% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 323.6k NOK to 35.0k NOK (-89.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +22.1k NOK → -9 118 NOK (op. margin 6.8% → -26.1%). Calculated
-
↓
Equity eroded
Book equity 96.5k NOK → 87.4k NOK (equity ratio 55.7% → 0.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation