EQVA ASA: årsregnskap 2000 vs 1999
Grew 196% on revenue
Summary
What changed
Comparing Årsregnskap 2000 with 1999 for EQVA ASA. Revenue 2.77m NOK → 8.19m NOK (+196.0%). Net result +549.3k NOK → +631.6k NOK. Equity 799.2k NOK → 192.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for EQVA ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.77m NOK to 8.19m NOK (+196.0% YoY). Calculated
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Operating result improved
Operating result -611.1k NOK → +2.48m NOK (op. margin -22.1% → 30.3%). Calculated
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↑
Net result improved
Net result +549.3k NOK → +631.6k NOK (net margin 19.8% → 7.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 799.2k NOK → 192.9k NOK (equity ratio 12.2% → 0.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.39× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 77.4k NOK → 1.36m NOK (3% → 17% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.41m NOK → 7.53m NOK (+434.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 22.43m NOK. Reported fact