AGROTEKNIKK HANDEL IMPORT NORGE AS: årsregnskap 1999 vs 1998
Grew 195% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AGROTEKNIKK HANDEL IMPORT NORGE AS. Revenue -9.17m NOK → 8.74m NOK (+195.2%). Net result +1.45m NOK → -23.4k NOK. Equity 308.4k NOK → 285.0k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGROTEKNIKK HANDEL IMPORT NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from -9.17m NOK to 8.74m NOK (+195.2% YoY). Calculated
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↑
Payroll decreased
Salary cost -1.78m NOK → -2.00m NOK (19% → -23% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +678.3k NOK → +232.6k NOK (op. margin -7.4% → 2.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.45m NOK profit to a loss of 23.4k NOK. Calculated
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↓
Equity eroded
Book equity 308.4k NOK → 285.0k NOK (equity ratio 7.3% → 7.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.74m NOK → 2.58m NOK (-5.9% YoY). Calculated