ABC TRAFIKKSKOLE AS: årsregnskap 1999 vs 1998
Grew 308% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ABC TRAFIKKSKOLE AS. Revenue 314.3k NOK → 1.28m NOK (+308.2%). Net result +134.1k NOK → +107.2k NOK. Equity 514.9k NOK → 322.1k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 314.3k NOK to 1.28m NOK (+308.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 527.3k NOK → 441.7k NOK (168% → 34% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +219.3k NOK → +196.9k NOK (op. margin 69.8% → 15.3%). Calculated
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↓
Net result weakened
Net result +134.1k NOK → +107.2k NOK (net margin 42.6% → 8.4%). Calculated
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↓
Equity eroded
Book equity 514.9k NOK → 322.1k NOK (equity ratio 225.9% → 27.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.65× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 70.3k NOK → 31.5k NOK (-55.1% YoY). Calculated