ADVOKAT BJØRN SOLTVEDT AS: årsregnskap 1998 vs 1997
Shrank 39% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ADVOKAT BJØRN SOLTVEDT AS. Revenue 968.6k NOK → 595.3k NOK (-38.5%). Equity 81.3k NOK → 82.1k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
968.6k NOK
595.3k NOK
-38.5%
Operating result
+12.2k NOK
+148.7k NOK
+1116.0%
Equity
81.3k NOK
82.1k NOK
+1.0%
Total assets
476.4k NOK
307.2k NOK
-35.5%
What improved
-
↑
Operating result improved
Operating result +12.2k NOK → +148.7k NOK (op. margin 1.3% → 25.0%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 968.6k NOK to 595.3k NOK (-38.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 474.7k NOK → 806.9k NOK (49% → 136% of revenue). Calculated