ABS ASSURANSEAGENTURER AS: årsregnskap 1993 vs 1992
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 1993 with 1992 for ABS ASSURANSEAGENTURER AS. Revenue 2.00m NOK → 1.92m NOK (-4.1%). Equity -368.1k NOK → -503.1k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABS ASSURANSEAGENTURER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +41.6k NOK → +294.5k NOK (op. margin 2.1% → 15.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.00m NOK to 1.92m NOK (-4.1% YoY). Calculated
-
↓
Equity eroded
Book equity -368.1k NOK → -503.1k NOK (equity ratio -22.1% → -28.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -28.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation