2824 EIENDOM AS: årsregnskap 2011 vs 2010
Shrank 100% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 2824 EIENDOM AS. Revenue 453.3k NOK → 550 NOK (-99.9%). Net result +257.3k NOK → +395.8k NOK. Equity 674.5k NOK → 70.3k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2824 EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +257.3k NOK → +395.8k NOK (net margin 56.8% → 71954.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 453.3k NOK to 550 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +391.9k NOK → +28.4k NOK (op. margin 86.4% → 5167.6%). Calculated
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↓
Equity eroded
Book equity 674.5k NOK → 70.3k NOK (equity ratio 14.2% → 1.1%). Calculated
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↓
Cash fell
Bank deposits 314.6k NOK → 1 939 NOK (-99.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 9.63× → 0.49× — 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 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation