AKERSHUS AUTO BILVERKSTED AS: årsregnskap 1998 vs 1997
Grew 66% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for AKERSHUS AUTO BILVERKSTED AS. Revenue 2.21m NOK → 3.67m NOK (+66.3%). Net result +30.5k NOK → -269.1k NOK. Equity 80.5k NOK → -188.5k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSHUS AUTO BILVERKSTED AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.21m NOK to 3.67m NOK (+66.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +64.9k NOK → -239.8k NOK (op. margin 2.9% → -6.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 30.5k NOK profit to a loss of 269.1k NOK. Calculated
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↓
Equity eroded
Book equity 80.5k NOK → -188.5k NOK (equity ratio 7653.4% → -60.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -60.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation