AKVA GROUP ASA: årsregnskap 1998 vs 1997
Grew 25% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for AKVA GROUP ASA. Revenue 36.50m NOK → 45.48m NOK (+24.6%). Equity 12.11m NOK → 1.59m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKVA GROUP ASA.
At a glance
Scorecard
Revenue
36.50m NOK
45.48m NOK
+24.6%
Operating result
+1.27m NOK
-8.19m NOK
-744.3%
Equity
12.11m NOK
1.59m NOK
-86.9%
Total assets
31.74m NOK
30.81m NOK
-2.9%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 36.50m NOK to 45.48m NOK (+24.6% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +1.27m NOK → -8.19m NOK (op. margin 3.5% → -18.0%). Calculated
-
↓
Equity eroded
Book equity 12.11m NOK → 1.59m NOK (equity ratio 38.1% → 5.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation