ADECCO NORGE AS: årsregnskap 1997 vs 1996
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 1997 with 1996 for ADECCO NORGE AS. Revenue 83.88m NOK → 79.78m NOK (-4.9%). Equity 520.7k NOK → 12.4k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADECCO NORGE AS.
At a glance
Scorecard
Revenue
83.88m NOK
79.78m NOK
-4.9%
Operating result
-452.4k NOK
+3.48m NOK
+868.9%
Equity
520.7k NOK
12.4k NOK
-97.6%
Total assets
12.00m NOK
14.64m NOK
+22.0%
What improved
-
↑
Operating result improved
Operating result -452.4k NOK → +3.48m NOK (op. margin -0.5% → 4.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 83.88m NOK to 79.78m NOK (-4.9% YoY). Calculated
-
↓
Equity eroded
Book equity 520.7k NOK → 12.4k NOK (equity ratio 4.3% → 0.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation