ADECCO SOLUTIONS AS: årsregnskap 1998 vs 1997
Grew 154397% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ADECCO SOLUTIONS AS. Revenue 38.87m NOK → 60.05bn NOK (+154397.2%). Net result +1.33m NOK → +4.94bn NOK. Equity 827.7k NOK → 967.98m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADECCO SOLUTIONS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 38.87m NOK to 60.05bn NOK (+154397.2% YoY). Calculated
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Operating result improved
Operating result +1 986 NOK → +5.64bn NOK (op. margin 0.0% → 9.4%). Calculated
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Net result improved
Net result +1.33m NOK → +4.94bn NOK (net margin 3.4% → 8.2%). Calculated
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Equity strengthened
Book equity 827.7k NOK → 967.98m NOK (equity ratio 10.9% → 4.9%). Calculated
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Current ratio back above 1×
Current ratio 0.91× → 1.01×. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation