3H EIENDOM AS: årsregnskap 2011 vs 2010
Grew 9% on revenue, returned to profit, cash halved-plus
approved 2012-06-26; registry 2012-06-30; journal 2012 483175
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 3H EIENDOM AS. Revenue 698.6k NOK → 759.0k NOK (+8.6%). Net result -264.2k NOK → +170.3k NOK. Equity 138.6k NOK → -31.3k NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3H EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 698.6k NOK to 759.0k NOK (+8.6% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 264.2k NOK to a profit of 170.3k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 138.6k NOK → -31.3k NOK (equity ratio 2.3% → -0.5%). Calculated
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↓
Cash fell
Bank deposits 5 474 NOK → -9 NOK (-100.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation