ACCOUNTOR VAT-SERVICE AS: årsregnskap 1999 vs 1998
Grew 214% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ACCOUNTOR VAT-SERVICE AS. Revenue 116.9k NOK → 367.6k NOK (+214.5%). Net result +151.2k NOK → +8 118 NOK. Equity 72.9k NOK → 64.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ACCOUNTOR VAT-SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 116.9k NOK to 367.6k NOK (+214.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +114.9k NOK → +58.8k NOK (op. margin 98.3% → 16.0%). Calculated
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↓
Net result weakened
Net result +151.2k NOK → +8 118 NOK (net margin 129.4% → 2.2%). Calculated
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↓
Equity eroded
Book equity 72.9k NOK → 64.8k NOK (equity ratio 9.4% → 10.4%). Calculated
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↓
Cash fell
Bank deposits 683.1k NOK → 420.1k NOK (-38.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 114.9k NOK → 294.9k NOK (98% → 80% of revenue). Calculated