ADECCO NORGE AS: årsregnskap 1999 vs 1998
Grew 12% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ADECCO NORGE AS. Revenue 91.86m NOK → 102.87m NOK (+12.0%). Net result +5.74m NOK → -6.92m NOK. Equity -7.83m NOK → -14.42m NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADECCO NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 91.86m NOK to 102.87m NOK (+12.0% YoY). Calculated
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↑
Cash rose
Bank deposits 5.32m NOK → 7.90m NOK (+48.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 1.00× → 1.45×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -4.32m NOK → -5.74m NOK (op. margin -4.7% → -5.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 5.74m NOK profit to a loss of 6.92m NOK. Calculated
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↓
Equity eroded
Book equity -7.83m NOK → -14.42m NOK (equity ratio -42.4% → -52.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -52.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 384.6k NOK → 417.9k NOK. Reported fact