ABS ASSURANSEAGENTURER AS: årsregnskap 2005 vs 2004
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABS ASSURANSEAGENTURER AS. Equity 97.5k NOK → 92.1k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: 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
n/m
631.6k NOK
—
Operating result
-51.6k NOK
+140.8k NOK
+372.9%
Equity
97.5k NOK
92.1k NOK
-5.6%
Total assets
2.01m NOK
2.00m NOK
-0.4%
What improved
-
↑
Operating result improved
Operating result -51.6k NOK → +140.8k NOK. Calculated
-
↑
Payroll decreased
Salary cost 485.0k NOK → 326.0k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 97.5k NOK → 92.1k NOK (equity ratio 4.9% → 4.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation