ADONIS EDB AS: årsregnskap 1998 vs 1997
Shrank 90% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ADONIS EDB AS. Revenue 453.2k NOK → 45.0k NOK (-90.1%). Equity 2044.41bn NOK → 0 NOK.
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 ADONIS EDB AS.
At a glance
Scorecard
Revenue
453.2k NOK
45.0k NOK
-90.1%
Operating result
+8 600 NOK
+995 NOK
-88.4%
Net result
n/m
+53.4k NOK
—
Equity
2044.41bn NOK
0 NOK
-100.0%
Total assets
2.03m NOK
2.09m NOK
+2.8%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 453.2k NOK to 45.0k NOK (-90.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +8 600 NOK → +995 NOK (op. margin 1.9% → 2.2%). Calculated
-
↓
Equity eroded
Book equity 2044.41bn NOK → 0 NOK (equity ratio 100674243.5% → 0.0%). 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