ABRAXAS AS: årsregnskap 1997 vs 1996
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 1997 with 1996 for ABRAXAS AS. Net result +1 996 NOK → +1 997 NOK. Equity 399 NOK → -2 132 NOK.
Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABRAXAS AS.
At a glance
Scorecard
Revenue
1 408 NOK
n/m
—
Operating result
+1 010 NOK
-2 530 NOK
-350.5%
Net result
+1 996 NOK
+1 997 NOK
+0.1%
Equity
399 NOK
-2 132 NOK
-634.3%
Total assets
399 NOK
71.4k NOK
+17794.5%
What deteriorated
-
↓
Operating result weakened
Operating result +1 010 NOK → -2 530 NOK. Calculated
-
↓
Equity eroded
Book equity 399 NOK → -2 132 NOK (equity ratio 100.0% → -3.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation