ADDENDA CONSULT AS: årsregnskap 1999 vs 1998
Shrank 73% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ADDENDA CONSULT AS. Revenue 523.8k NOK → 140.3k NOK (-73.2%). Net result +119.2k NOK → +297.5k NOK. Equity -54.2k NOK → 5.11m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDENDA CONSULT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +165.6k NOK → +411.3k NOK (op. margin 31.6% → 293.3%). Calculated
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Net result improved
Net result +119.2k NOK → +297.5k NOK (net margin 22.8% → 212.1%). Calculated
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Equity strengthened
Book equity -54.2k NOK → 5.11m NOK (equity ratio -15.9% → 920.2%). Calculated
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Cash rose
Bank deposits 131.3k NOK → 192.3k NOK (+46.5% YoY). Calculated
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Current ratio back above 1×
Current ratio -1.01× → 1.25×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 523.8k NOK to 140.3k NOK (-73.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 163.4k NOK → 339.5k NOK (31% → 242% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 50.0k NOK → 0 NOK. Reported fact