ABA-TECH AS: årsregnskap 1998 vs 1997
Shrank 210% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ABA-TECH AS. Revenue 9.88m NOK → -10.83m NOK (-209.6%). Equity 155.7k NOK → -460.2k NOK.
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 ABA-TECH AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 9.88m NOK to -10.83m NOK (-209.6% YoY). Calculated
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Operating result weakened
Operating result +827.5k NOK → -376.9k NOK (op. margin 8.4% → 3.5%). Calculated
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↓
Equity eroded
Book equity 155.7k NOK → -460.2k NOK (equity ratio 3.9% → -10.5%). Calculated
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Current ratio dropped below 1×
Current ratio 1.31× → -1.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -10.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation