ADECCO NORGE AS: årsregnskap 1998 vs 1997
Grew 15% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ADECCO NORGE AS. Revenue 79.78m NOK → 91.86m NOK (+15.1%). Equity 12.4k NOK → -7.83m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; 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
79.78m NOK
91.86m NOK
+15.1%
Operating result
+3.48m NOK
-4.32m NOK
-224.3%
Net result
n/m
+5.74m NOK
—
Equity
12.4k NOK
-7.83m NOK
-63365.9%
Cash
n/m
5.32m NOK
—
Total assets
14.64m NOK
18.45m NOK
+26.0%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 79.78m NOK to 91.86m NOK (+15.1% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +3.48m NOK → -4.32m NOK (op. margin 4.4% → -4.7%). Calculated
-
↓
Equity eroded
Book equity 12.4k NOK → -7.83m NOK (equity ratio 0.1% → -42.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -42.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation