ADDSECURE AS: årsregnskap 1997 vs 1996
Grew 47% on revenue
Summary
What changed
Comparing Årsregnskap 1997 with 1996 for ADDSECURE AS. Revenue 31.6k NOK → 46.5k NOK (+47.1%). Equity 35.5k NOK → -163.3k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADDSECURE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 31.6k NOK to 46.5k NOK (+47.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.60× → 4.04×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +216.7k NOK → -2.21m NOK (op. margin 685.4% → -4747.1%). Calculated
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↓
Equity eroded
Book equity 35.5k NOK → -163.3k NOK (equity ratio 14.4% → -1630.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1630.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation