ADCO EIENDOMMER AS: årsregnskap 1999 vs 1998
Grew 13% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ADCO EIENDOMMER AS. Revenue 861.3k NOK → 971.0k NOK (+12.7%). Net result +199.9k NOK → +36.8k NOK. Equity 1.24m NOK → 1.18m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADCO EIENDOMMER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 861.3k NOK to 971.0k NOK (+12.7% YoY). Calculated
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↑
Operating result improved
Operating result +490.2k NOK → +530.9k NOK (op. margin 56.9% → 54.7%). Calculated
What deteriorated
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↓
Net result weakened
Net result +199.9k NOK → +36.8k NOK (net margin 23.2% → 3.8%). Calculated
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↓
Equity eroded
Book equity 1.24m NOK → 1.18m NOK (equity ratio 21.3% → 12.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.30× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 373.9k NOK → 449.3k NOK. Reported fact