ADJUNKT ARENTZG 4 B AS: årsregnskap 1997 vs 1996
Shrank 12% on revenue
Summary
What changed
Comparing Årsregnskap 1997 with 1996 for ADJUNKT ARENTZG 4 B AS. Revenue 181.8k NOK → 159.2k NOK (-12.4%). Equity 236.4k NOK → 59 NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADJUNKT ARENTZG 4 B AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.04× → 20.80×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 181.8k NOK to 159.2k NOK (-12.4% YoY). Calculated
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↓
Operating result weakened
Operating result +105.7k NOK → +99.2k NOK (op. margin 58.1% → 62.3%). Calculated
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↓
Equity eroded
Book equity 236.4k NOK → 59 NOK (equity ratio 31.1% → 0.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 0 NOK → 15.1k NOK (0% → 9% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation