99X INCREO AS: årsregnskap 2001 vs 2000
Shrank 57% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for 99X INCREO AS. Revenue 956.7k NOK → 411.2k NOK (-57.0%). Net result +70.3k NOK → +123.9k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 99X INCREO AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +70.3k NOK → +123.9k NOK (net margin 7.4% → 30.1%). Calculated
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Payroll decreased
Salary cost 2.41m NOK → 854.4k NOK (252% → 208% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 956.7k NOK to 411.2k NOK (-57.0% YoY). Calculated
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↓
Operating result weakened
Operating result +124.2k NOK → +103.9k NOK (op. margin 13.0% → 25.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.65× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 15.8k NOK → 574.1k NOK (+3545.1% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 190 NOK — check capital reduction, conversion, or reclassification. Interpretation