ABS ASSURANSEAGENTURER AS: årsregnskap 2008 vs 2007
Shrank 100% on revenue, slipped into loss
approved 2009-07-30; registry 2009-09-23
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABS ASSURANSEAGENTURER AS. Revenue 234.0k NOK → 246 NOK (-99.9%). Net result +585 NOK → -206.9k NOK. Equity 213.5k NOK → 6 604 NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABS ASSURANSEAGENTURER AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 234.0k NOK to 246 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +56.3k NOK → -85.1k NOK (op. margin 24.0% → -34578.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 585 NOK profit to a loss of 206.9k NOK. Calculated
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↓
Equity eroded
Book equity 213.5k NOK → 6 604 NOK (equity ratio 11.8% → 0.4%). Calculated
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↓
Cash fell
Bank deposits 36.5k NOK → 34.4k NOK (-5.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation