A MADSSTUEN AS: årsregnskap 1998 vs 1997
Shrank 24% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for A MADSSTUEN AS. Revenue 443.5k NOK → 337.0k NOK (-24.0%). Equity 329.4k NOK → -630.9k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A MADSSTUEN AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.86× → 2.78×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 443.5k NOK to 337.0k NOK (-24.0% YoY). Calculated
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↓
Operating result weakened
Operating result +254.5k NOK → -971.7k NOK (op. margin 57.4% → -288.4%). Calculated
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↓
Equity eroded
Book equity 329.4k NOK → -630.9k NOK (equity ratio 40.1% → -532.3%). Calculated
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↓
Payroll up without matching revenue
Salary cost 0 NOK → 177.8k NOK (0% → 53% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -532.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation