ABICON AS: årsregnskap 1998 vs 1997
Shrank 41% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ABICON AS. Revenue 14.51m NOK → 8.50m NOK (-41.4%). Equity 671.5k NOK → 955.8k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
14.51m NOK
8.50m NOK
-41.4%
Operating result
+100.4k NOK
+23.6k NOK
-76.4%
Net result
n/m
+732.2k NOK
—
Equity
671.5k NOK
955.8k NOK
+42.3%
Total assets
5.42m NOK
2.91m NOK
-46.2%
What improved
-
↑
Equity strengthened
Book equity 671.5k NOK → 955.8k NOK (equity ratio 12.4% → 32.8%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 14.51m NOK to 8.50m NOK (-41.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +100.4k NOK → +23.6k NOK (op. margin 0.7% → 0.3%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated