A/S Kvikk: årsregnskap 1998 vs 1997
Shrank 76% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for A/S Kvikk. Revenue 416.4k NOK → 98.4k NOK (-76.4%). Net result +86.3k NOK → +1 657 NOK. Equity 61.7k NOK → 91.6k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 61.7k NOK → 91.6k NOK (equity ratio 36.0% → 35.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 416.4k NOK to 98.4k NOK (-76.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +119.3k NOK → +20.6k NOK (op. margin 28.6% → 20.9%). Calculated
-
↓
Net result weakened
Net result +86.3k NOK → +1 657 NOK (net margin 20.7% → 1.7%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.56× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated