AGROSENTERET AS: årsregnskap 1999 vs 1998
Shrank 30% on revenue, slipped into loss, cash halved-plus
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AGROSENTERET AS. Revenue -13.34m NOK → -17.35m NOK (-30.1%). Net result +45.2k NOK → -122.9k NOK. Equity 830.6k NOK → -833.5k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for AGROSENTERET AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from -13.34m NOK to -17.35m NOK (-30.1% YoY). Calculated
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Operating result weakened
Operating result +123.2k NOK → -337.0k NOK (op. margin -0.9% → 1.9%). Calculated
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Fell into a net loss
Net result flipped from 45.2k NOK profit to a loss of 122.9k NOK. Calculated
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Equity eroded
Book equity 830.6k NOK → -833.5k NOK (equity ratio 18.3% → -18.2%). Calculated
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Cash fell
Bank deposits 966.4k NOK → 378.1k NOK (-60.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -18.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 50.0k NOK → -150.0k NOK — check capital reduction, conversion, or reclassification. Interpretation