3H EIENDOM AS: årsregnskap 2010 vs 2009
Shrank 7% on revenue, slipped into loss, cash halved-plus
approved 2011-08-31; registry 2011-09-12; journal 2011 751817
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 3H EIENDOM AS. Revenue 752.4k NOK → 698.6k NOK (-7.2%). Net result +170 NOK → -264.2k NOK. Equity 402.9k NOK → 138.6k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3H EIENDOM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 752.4k NOK to 698.6k NOK (-7.2% YoY). Calculated
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Fell into a net loss
Net result flipped from 170 NOK profit to a loss of 264.2k NOK. Calculated
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Equity eroded
Book equity 402.9k NOK → 138.6k NOK (equity ratio 15.1% → 2.3%). Calculated
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Cash fell
Bank deposits 150.5k NOK → 5 474 NOK (-96.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation