Org.nr 956 602 300 1997 → 1998 Year-over-year analysis

AEX TRANSPORT AS: årsregnskap 1998 vs 1997

Shrank 39% on revenue

Summary

What changed

Comparing Årsregnskap 1998 with 1997 for AEX TRANSPORT AS. Revenue 3.26m NOK → 2.00m NOK (-38.5%). Equity 196.1k NOK → -177.9k NOK.

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

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AEX TRANSPORT AS.

At a glance

Revenue

3.26m NOK 2.00m NOK

-38.5%

Operating result

+3 038 NOK -20.7k NOK

-782.6%

Net result

n/m +18.2k NOK

—

Equity

196.1k NOK -177.9k NOK

-190.7%

Total assets

971.9k NOK 68.0k NOK

-93.0%

↑
Payroll decreased

Salary cost 362.1k NOK → 107.7k NOK (11% → 5% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 3.26m NOK to 2.00m NOK (-38.5% YoY). Calculated
↓
Operating result weakened

Operating result +3 038 NOK → -20.7k NOK (op. margin 0.1% → -1.0%). Calculated
↓
Equity eroded

Book equity 196.1k NOK → -177.9k NOK (equity ratio 20.2% → -261.7%). Calculated

·
Thin equity buffer

Equity ratio is -261.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 9 817 NOK → 0 NOK (-100.0% YoY). Calculated