ACCOUNT-IT AS: årsregnskap 1998 vs 1997
Returned to profit
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ACCOUNT-IT AS. Revenue 6.71m NOK → 6.65m NOK (-0.8%). Net result -40.1k NOK → +271.5k NOK. Equity 1.98m NOK → 1.71m NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACCOUNT-IT AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 40.1k NOK to a profit of 271.5k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.71m NOK to 6.65m NOK (-0.8% YoY). Calculated
-
↓
Operating result weakened
Operating result -122.1k NOK → -350.4k NOK (op. margin -1.8% → -5.3%). Calculated
-
↓
Equity eroded
Book equity 1.98m NOK → 1.71m NOK (equity ratio 60.4% → 46.9%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 4.65m NOK → 5.20m NOK (69% → 78% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 62.9k NOK → 48.7k NOK (-22.6% YoY). Calculated