ADB REGNSKAP AS: årsregnskap 1999 vs 1998
Shrank 226% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ADB REGNSKAP AS. Revenue 619.9k NOK → -780.6k NOK (-225.9%). Net result -30.2k NOK → -90.3k NOK. Equity 53.4k NOK → -53.7k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADB REGNSKAP AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 619.9k NOK to -780.6k NOK (-225.9% YoY). Calculated
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Operating result weakened
Operating result +43.8k NOK → -128.7k NOK (op. margin 7.1% → 16.5%). Calculated
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↓
Net result weakened
Net result -30.2k NOK → -90.3k NOK (net margin -4.9% → 11.6%). Calculated
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↓
Equity eroded
Book equity 53.4k NOK → -53.7k NOK (equity ratio 27.9% → -18.4%). Calculated
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Cash fell
Bank deposits 62.6k NOK → 29.7k NOK (-52.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -18.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 500.5k NOK → 0 NOK. Reported fact