ADVOKATFIRMAET AASEN AS: årsregnskap 1999 vs 1998
Grew 147227% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ADVOKATFIRMAET AASEN AS. Revenue 1 914 NOK → 2.82m NOK (+147227.1%). Net result -43.6k NOK → +176.0k NOK. Equity 249.3k NOK → 425.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET AASEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 914 NOK to 2.82m NOK (+147227.1% YoY). Calculated
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Operating result improved
Operating result -51.4k NOK → +255.0k NOK (op. margin -2687.1% → 9.0%). Calculated
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Turned profitable
Net result flipped from a loss of 43.6k NOK to a profit of 176.0k NOK. Calculated
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Equity strengthened
Book equity 249.3k NOK → 425.4k NOK (equity ratio 34.2% → 177.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 287.4k NOK → 261.2k NOK (-9.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 1.19m NOK → 1.57m NOK (62147% → 56% of revenue). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 330.7k NOK. Reported fact