Org.nr 950 192 593 1998 → 1999 Year-over-year analysis

ABACUS FINANS AS: årsregnskap 1999 vs 1998

Returned to profit

Summary

What changed

Comparing Årsregnskap 1999 with 1998 for ABACUS FINANS AS. Net result -2.39m NOK → +11.5k NOK. Equity -502.3k NOK → -490.8k NOK.

On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: operating result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABACUS FINANS AS.

At a glance

Revenue

n/m 50.6k NOK

—

Operating result

+1.02m NOK +3 780 NOK

-99.6%

Net result

-2.39m NOK +11.5k NOK

+100.5%

Equity

-502.3k NOK -490.8k NOK

+2.3%

Cash

76.2k NOK 86.9k NOK

+14.1%

Total assets

1.11m NOK 980.7k NOK

-11.5%

↑
Turned profitable

Net result flipped from a loss of 2.39m NOK to a profit of 11.5k NOK. Calculated
↑
Equity strengthened

Book equity -502.3k NOK → -490.8k NOK (equity ratio -45.3% → -50.0%). Calculated
↑
Cash rose

Bank deposits 76.2k NOK → 86.9k NOK (+14.1% YoY). Calculated

↓
Operating result weakened

Operating result +1.02m NOK → +3 780 NOK. Calculated

·
Thin equity buffer

Equity ratio is -50.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation