88 EIENDOM AS: årsregnskap 2011 vs 2010
Mixed movements in the accounts
approved 2012-05-25; registry 2012-06-27; journal 2012 471295
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 88 EIENDOM AS. Revenue 490.0k NOK → 507.4k NOK (+3.6%). Equity 231.0k NOK → 81.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 88 EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 490.0k NOK to 507.4k NOK (+3.6% YoY). Calculated
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↑
Cash rose
Bank deposits 188.5k NOK → 262.0k NOK (+39.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +210.2k NOK → +201.8k NOK (op. margin 42.9% → 39.8%). Calculated
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↓
Equity eroded
Book equity 231.0k NOK → 81.2k NOK (equity ratio 3.8% → 1.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation