OTELLO CORPORATION ASA: årsregnskap 1996 vs 1995
Shrank 85% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1996 with 1995 for OTELLO CORPORATION ASA. Revenue 508.4k NOK → 76.4k NOK (-85.0%). Net result +20.6k NOK → +53.3k NOK. Equity 70.6k NOK → 17.3k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +45.2k NOK → +54.5k NOK (op. margin 8.9% → 71.3%). Calculated
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Net result improved
Net result +20.6k NOK → +53.3k NOK (net margin 4.1% → 69.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 508.4k NOK to 76.4k NOK (-85.0% YoY). Calculated
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↓
Equity eroded
Book equity 70.6k NOK → 17.3k NOK (equity ratio 27.6% → 4.5%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation