ACCOUNT-IT AS: årsregnskap 1999 vs 1998
Grew 10% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ACCOUNT-IT AS. Revenue 6.65m NOK → 7.31m NOK (+9.9%). Net result +271.5k NOK → +459.7k NOK. Equity 1.71m NOK → 1.10m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACCOUNT-IT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 6.65m NOK to 7.31m NOK (+9.9% YoY). Calculated
-
↑
Operating result improved
Operating result -350.4k NOK → +125.8k NOK (op. margin -5.3% → 1.7%). Calculated
-
↑
Net result improved
Net result +271.5k NOK → +459.7k NOK (net margin 4.1% → 6.3%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 1.71m NOK → 1.10m NOK (equity ratio 46.9% → 32.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.40× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 5.20m NOK → 5.72m NOK (78% → 78% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 48.7k NOK → 220.7k NOK (+353.4% YoY). Calculated