3 STEP IT AS: årsregnskap 1998 vs 1997
Grew 245% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for 3 STEP IT AS. Revenue 40.25m NOK → 138.86m NOK (+245.0%). Equity 765.0k NOK → 288.9k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3 STEP IT AS.
At a glance
Scorecard
Revenue
40.25m NOK
138.86m NOK
+245.0%
Operating result
-925.9k NOK
+250.8k NOK
+127.1%
Equity
765.0k NOK
288.9k NOK
-62.2%
Total assets
16.27m NOK
64.99m NOK
+299.4%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 40.25m NOK to 138.86m NOK (+245.0% YoY). Calculated
-
↑
Operating result improved
Operating result -925.9k NOK → +250.8k NOK (op. margin -2.3% → 0.2%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 765.0k NOK → 288.9k NOK (equity ratio 4.7% → 0.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation