ADEPTO HOLDING AS: årsregnskap 1999 vs 1998
Grew 1065% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ADEPTO HOLDING AS. Revenue 21.4k NOK → 249.3k NOK (+1064.6%). Net result +9 NOK → +195.0k NOK. Equity 5 260 NOK → -200.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADEPTO HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 21.4k NOK to 249.3k NOK (+1064.6% YoY). Calculated
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Operating result improved
Operating result +55.7k NOK → +197.7k NOK (op. margin 260.1% → 79.3%). Calculated
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Net result improved
Net result +9 NOK → +195.0k NOK (net margin 0.0% → 78.2%). Calculated
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Cash rose
Bank deposits 13.4k NOK → 32.6k NOK (+144.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5 260 NOK → -200.3k NOK (equity ratio 3.6% → -29.3%). Calculated
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Current ratio dropped below 1×
Current ratio 2.72× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -29.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation