ACHILLES FINANS AS: årsregnskap 1999 vs 1998
Stronger earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ACHILLES FINANS AS. Net result +1 432 NOK → +1.83m NOK. Equity 366.5k NOK → 192.6k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: 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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↑
Operating result improved
Operating result -15.9k NOK → -14.3k NOK. Calculated
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↑
Net result improved
Net result +1 432 NOK → +1.83m NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 366.5k NOK → 192.6k NOK (equity ratio 9.9% → 1.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.83m NOK → 269.0k NOK. Reported fact