ABACUS FINANS AS: årsregnskap 1998 vs 1997
Weaker earnings
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ABACUS FINANS AS. Net result -743.2k NOK → -2.39m NOK. Equity 1.88m NOK → -502.3k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABACUS FINANS AS.
At a glance
Scorecard
Operating result
+2.55m NOK
+1.02m NOK
-59.8%
Net result
-743.2k NOK
-2.39m NOK
-220.9%
Equity
1.88m NOK
-502.3k NOK
-126.7%
Cash
n/m
76.2k NOK
—
Total assets
10.37m NOK
1.11m NOK
-89.3%
What deteriorated
-
↓
Operating result weakened
Operating result +2.55m NOK → +1.02m NOK. Calculated
-
↓
Net result weakened
Net result -743.2k NOK → -2.39m NOK. Calculated
-
↓
Equity eroded
Book equity 1.88m NOK → -502.3k NOK (equity ratio 18.2% → -45.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -45.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation