ABBOTT NORGE AS: årsregnskap 1994 vs 1993
Grew 40% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1994 with 1993 for ABBOTT NORGE AS. Revenue 15.14m NOK → 21.20m NOK (+40.0%). Net result +574.8k NOK → +5.38m NOK. Equity 628.9k NOK → 290.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABBOTT NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 15.14m NOK to 21.20m NOK (+40.0% YoY). Calculated
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Operating result improved
Operating result +987.8k NOK → +7.23m NOK (op. margin 6.5% → 34.1%). Calculated
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↑
Net result improved
Net result +574.8k NOK → +5.38m NOK (net margin 3.8% → 25.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 628.9k NOK → 290.7k NOK (equity ratio 14.0% → 3.1%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation