Org.nr 974 529 459 1996 → 1997 Year-over-year analysis

OTELLO CORPORATION ASA: årsregnskap 1997 vs 1996

Grew 1542% on revenue

Summary

What changed

Comparing Årsregnskap 1997 with 1996 for OTELLO CORPORATION ASA. Revenue 76.4k NOK → 1.25m NOK (+1542.3%). Equity 17.3k NOK → -589.2k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.

At a glance

Revenue

76.4k NOK 1.25m NOK

+1542.3%

Operating result

+54.5k NOK -576.6k NOK

-1158.1%

Net result

+53.3k NOK n/m

—

Equity

17.3k NOK -589.2k NOK

-3502.4%

Total assets

386.3k NOK 321.2k NOK

-16.8%

↑
Revenue rose

Operating income / revenue moved from 76.4k NOK to 1.25m NOK (+1542.3% YoY). Calculated

↓
Operating result weakened

Operating result +54.5k NOK → -576.6k NOK (op. margin 71.3% → -46.0%). Calculated
↓
Equity eroded

Book equity 17.3k NOK → -589.2k NOK (equity ratio 4.5% → -183.4%). Calculated
↓
Current ratio dropped below 1×

Current ratio 2.07× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is -183.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation