AJER KONTORSENTER AS: årsregnskap 1994 vs 1993
Shrank 25% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1994 with 1993 for AJER KONTORSENTER AS. Revenue 575.6k NOK → 433.1k NOK (-24.8%). Net result -54.1k NOK → -15.9k NOK. Equity -552 NOK → -16.4k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJER KONTORSENTER AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -55.8k NOK → -16.3k NOK (op. margin -9.7% → -3.8%). Calculated
-
↑
Net result improved
Net result -54.1k NOK → -15.9k NOK (net margin -9.4% → -3.7%). Calculated
-
↑
Payroll decreased
Salary cost 38.0k NOK → 920 NOK (7% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 575.6k NOK to 433.1k NOK (-24.8% YoY). Calculated
-
↓
Equity eroded
Book equity -552 NOK → -16.4k NOK (equity ratio -0.9% → -66.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -66.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation