AIT WORLDWIDE LOGISTICS NORWAY AS: årsregnskap 1998 vs 1997
Grew 19% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for AIT WORLDWIDE LOGISTICS NORWAY AS. Revenue 12.06m NOK → 14.40m NOK (+19.4%). Equity 1.73m NOK → 2.08m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AIT WORLDWIDE LOGISTICS NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.06m NOK to 14.40m NOK (+19.4% YoY). Calculated
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↑
Operating result improved
Operating result +2.17m NOK → +2.27m NOK (op. margin 18.0% → 15.8%). Calculated
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↑
Equity strengthened
Book equity 1.73m NOK → 2.08m NOK (equity ratio 16.8% → 13.9%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 5.09m NOK → 6.13m NOK (42% → 43% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 89.7k NOK → 101.0k NOK. Reported fact