ACHILLES FINANS AS: årsregnskap 1998 vs 1997
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ACHILLES FINANS AS. Net result +1 039 NOK → +1 432 NOK. Equity 1.80m NOK → 366.5k NOK.
Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
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 deteriorated
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↓
Operating result weakened
Operating result +896.5k NOK → -15.9k NOK. Calculated
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↓
Equity eroded
Book equity 1.80m NOK → 366.5k NOK (equity ratio 37.8% → 9.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.38× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 3.83m NOK → 2.83m NOK. Reported fact