ACCESS! AS: årsregnskap 1999 vs 1998
Shrank 51% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ACCESS! AS. Revenue 765.4k NOK → 371.5k NOK (-51.5%). Net result +64.7k NOK → -115.6k NOK. Equity 365.1k NOK → 249.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCESS! AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 365.8k NOK → 170.6k NOK (48% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 765.4k NOK to 371.5k NOK (-51.5% YoY). Calculated
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↓
Operating result weakened
Operating result -40.2k NOK → -89.7k NOK (op. margin -5.3% → -24.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 64.7k NOK profit to a loss of 115.6k NOK. Calculated
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↓
Equity eroded
Book equity 365.1k NOK → 249.5k NOK (equity ratio 48.1% → 44.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1660.43× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 376.0k NOK → 346.0k NOK. Reported fact