ABA MARINE AS: årsregnskap 1998 vs 1997
Grew 383% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ABA MARINE AS. Revenue 194.8k NOK → 939.8k NOK (+382.5%). Equity 49.1k NOK → 37.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABA MARINE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 194.8k NOK to 939.8k NOK (+382.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +50.0k NOK → +1 998 NOK (op. margin 25.7% → 0.2%). Calculated
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↓
Equity eroded
Book equity 49.1k NOK → 37.1k NOK (equity ratio 55.0% → 19.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.19× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 74.6k NOK → 578.4k NOK (38% → 62% of revenue). Calculated