ABS ASSURANSEAGENTURER AS: årsregnskap 1999 vs 1998
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ABS ASSURANSEAGENTURER AS. Revenue 1.09m NOK → 1.12m NOK (+2.6%). Equity 7.56m NOK → 611.8k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABS ASSURANSEAGENTURER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.09m NOK to 1.12m NOK (+2.6% YoY). Calculated
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↑
Operating result improved
Operating result +334.7k NOK → +537.6k NOK (op. margin 30.7% → 48.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.50× → 1.27×. Calculated
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↑
Payroll decreased
Salary cost 480.4k NOK → 387.5k NOK (44% → 35% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 7.56m NOK → 611.8k NOK (equity ratio 294.4% → 22.8%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 57.3k NOK. Reported fact