ABS ASSURANSEAGENTURER AS: årsregnskap 1997 vs 1996
Shrank 14% on revenue
Summary
What changed
Comparing Årsregnskap 1997 with 1996 for ABS ASSURANSEAGENTURER AS. Revenue 2.85m NOK → 2.46m NOK (-13.9%). Equity 719.8k NOK → 99.8k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
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 +384.4k NOK → +818.5k NOK (op. margin 13.5% → 33.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.85m NOK to 2.46m NOK (-13.9% YoY). Calculated
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↓
Equity eroded
Book equity 719.8k NOK → 99.8k NOK (equity ratio 17.9% → 2.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.06m NOK → 1.19m NOK (37% → 49% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation