ABELSNES INVEST AS: årsregnskap 2005 vs 2004
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABELSNES INVEST AS. Net result +432.3k NOK → +795.8k NOK. Equity 267.3k NOK → 63.1k NOK.
On the constructive side: net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABELSNES INVEST AS.
At a glance
Scorecard
Revenue
n/m
0 NOK
—
Operating result
-8 904 NOK
n/m
—
Net result
+432.3k NOK
+795.8k NOK
+84.1%
Equity
267.3k NOK
63.1k NOK
-76.4%
Cash
12.8k NOK
n/m
—
Total assets
2.67m NOK
3.27m NOK
+22.4%
What improved
-
↑
Net result improved
Net result +432.3k NOK → +795.8k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 267.3k NOK → 63.1k NOK (equity ratio 10.0% → 1.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 1.30m NOK → 1.25m NOK. Reported fact