AKANTUS MOSJØEN AS: årsregnskap 1999 vs 1998
Shrank 79% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AKANTUS MOSJØEN AS. Revenue 673.4k NOK → 140.7k NOK (-79.1%). Net result +100.1k NOK → -34.1k NOK. Equity -6 897 NOK → -41.0k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; 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 AKANTUS MOSJØEN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -87.2k NOK → -29.2k NOK (op. margin -12.9% → -20.8%). Calculated
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Cash rose
Bank deposits 3 712 NOK → 6 479 NOK (+74.5% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 673.4k NOK to 140.7k NOK (-79.1% YoY). Calculated
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Fell into a net loss
Net result flipped from 100.1k NOK profit to a loss of 34.1k NOK. Calculated
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Equity eroded
Book equity -6 897 NOK → -41.0k NOK (equity ratio -5.1% → -53.5%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -53.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 700.3k NOK → 129.1k NOK (-81.6% YoY). Calculated