NUSSIR ASA: årsregnskap 1999 vs 1998
Shrank 36% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for NUSSIR ASA. Revenue 552.3k NOK → 351.0k NOK (-36.5%). Net result -41.2k NOK → -134.4k NOK. Equity 31.8k NOK → -102.6k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for NUSSIR ASA.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 552.3k NOK to 351.0k NOK (-36.5% YoY). Calculated
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↓
Operating result weakened
Operating result -27.2k NOK → -132.6k NOK (op. margin -4.9% → -37.8%). Calculated
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↓
Net result weakened
Net result -41.2k NOK → -134.4k NOK (net margin -7.5% → -38.3%). Calculated
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↓
Equity eroded
Book equity 31.8k NOK → -102.6k NOK (equity ratio 8.3% → -27.1%). Calculated
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↓
COGS moved
COGS / varekostnad -179.4k NOK → -65.4k NOK (+63.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -27.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation