ACHILLES FINANS AS: årsregnskap 1996 vs 1995
Stronger earnings
Summary
What changed
Comparing Årsregnskap 1996 with 1995 for ACHILLES FINANS AS. Net result +449.0k NOK → +786.9k NOK. Equity 883.4k NOK → 270.3k NOK.
On the constructive side: net result improved. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACHILLES FINANS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +449.0k NOK → +786.9k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +945.7k NOK → +70.9k NOK. Calculated
-
↓
Equity eroded
Book equity 883.4k NOK → 270.3k NOK (equity ratio 49.3% → 9.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.67m NOK → 2.69m NOK. Reported fact