ACTIVE GOLF AS: årsregnskap 1998 vs 1997
Grew 245% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ACTIVE GOLF AS. Revenue 776.7k NOK → 2.68m NOK (+244.7%). Equity 185.0k NOK → 365.5k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ACTIVE GOLF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 776.7k NOK to 2.68m NOK (+244.7% YoY). Calculated
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↑
Operating result improved
Operating result +429.3k NOK → +726.5k NOK (op. margin 55.3% → 27.1%). Calculated
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↑
Equity strengthened
Book equity 185.0k NOK → 365.5k NOK (equity ratio 26.8% → 123.8%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.69× → 0.35× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 322.9k NOK → 339.9k NOK (42% → 13% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 890.8k NOK → 342.5k NOK (-61.6% YoY). Calculated