AKB LIGHTING AS: årsregnskap 1992 vs 1991
Shrank 22% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1992 with 1991 for AKB LIGHTING AS. Revenue 18.71m NOK → 14.53m NOK (-22.4%). Net result -331.6k NOK → -1.34m NOK. Equity 278.5k NOK → -1.06m NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKB LIGHTING AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 18.71m NOK to 14.53m NOK (-22.4% YoY). Calculated
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↓
Net result weakened
Net result -331.6k NOK → -1.34m NOK (net margin -1.8% → -9.2%). Calculated
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↓
Equity eroded
Book equity 278.5k NOK → -1.06m NOK (equity ratio 5.0% → -22.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -22.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation