AGRIPPA AS: årsregnskap 1999 vs 1998
Grew 39% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AGRIPPA AS. Revenue -1.42m NOK → -857.8k NOK (+39.4%). Net result +203.7k NOK → +30.2k NOK. Equity -248.0k NOK → -278.2k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGRIPPA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from -1.42m NOK to -857.8k NOK (+39.4% YoY). Calculated
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↑
Operating result improved
Operating result -282.7k NOK → +80.3k NOK (op. margin 20.0% → -9.4%). Calculated
What deteriorated
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↓
Net result weakened
Net result +203.7k NOK → +30.2k NOK (net margin -14.4% → -3.5%). Calculated
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↓
Equity eroded
Book equity -248.0k NOK → -278.2k NOK (equity ratio -26.2% → -44.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -44.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation