ABS ASSURANSEAGENTURER AS: årsregnskap 2004 vs 2003
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABS ASSURANSEAGENTURER AS. Equity 193.8k NOK → 97.5k NOK.
Pressures included: operating result weakened; 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
Revenue
3 699 NOK
n/m
—
Operating result
+205.8k NOK
-51.6k NOK
-125.1%
Equity
193.8k NOK
97.5k NOK
-49.7%
Total assets
1.93m NOK
2.01m NOK
+4.0%
What deteriorated
-
↓
Operating result weakened
Operating result +205.8k NOK → -51.6k NOK. Calculated
-
↓
Equity eroded
Book equity 193.8k NOK → 97.5k NOK (equity ratio 10.0% → 4.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation