AKERSHUS HÅNDTVERKSTJENESTER AS: årsregnskap 1999 vs 1998
Slipped into loss
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AKERSHUS HÅNDTVERKSTJENESTER AS. Revenue 3.09m NOK → 2.94m NOK (-4.7%). Net result +133.9k NOK → -61.6k NOK. Equity 227.0k NOK → 165.4k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKERSHUS HÅNDTVERKSTJENESTER AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 122.7k NOK → 203.8k NOK (+66.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.56× → 2.31×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.09m NOK to 2.94m NOK (-4.7% YoY). Calculated
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↓
Operating result weakened
Operating result +226.8k NOK → -72.2k NOK (op. margin 7.4% → -2.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 133.9k NOK profit to a loss of 61.6k NOK. Calculated
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↓
Equity eroded
Book equity 227.0k NOK → 165.4k NOK (equity ratio 12.8% → 8.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.18m NOK → 1.26m NOK (38% → 43% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 198.2k NOK → 298.0k NOK. Reported fact