ADCOM HOLDING AS: årsregnskap 1999 vs 1998
Shrank 13% on revenue
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ADCOM HOLDING AS. Revenue 2.56m NOK → 2.22m NOK (-13.2%). Equity 412.4k NOK → 805.1k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADCOM HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +225.9k NOK → +399.7k NOK (op. margin 8.8% → 18.0%). Calculated
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↑
Equity strengthened
Book equity 412.4k NOK → 805.1k NOK (equity ratio 57.6% → 677.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.56m NOK to 2.22m NOK (-13.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.32× → 0.14× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 264.2k NOK → 493.7k NOK (10% → 22% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 1.97m NOK → 951.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 295.4k NOK → 0 NOK (-100.0% YoY). Calculated