FirmaIQ
Org.nr 890 946 402 2009 → 2010 Year-over-year analysis

A&E EIENDOMSUTVIKLING AS: årsregnskap 2010 vs 2009

Returned to profit, cash halved-plus

approved 2011-11-29; registry 2011-12-01; journal 2011 798871

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for A&E EIENDOMSUTVIKLING AS. Net result -17.32m NOK → +2 010 NOK. Equity -1.83m NOK → -24.08m NOK.

On the constructive side: turned profitable. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A&E EIENDOMSUTVIKLING AS.

At a glance

Scorecard

Net result
-17.32m NOK +2 010 NOK
+100.0%
Equity
-1.83m NOK -24.08m NOK
-1218.9%
Cash
31.6k NOK 6 052 NOK
-80.9%
Total assets
39.06m NOK 6 052 NOK
-100.0%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 17.32m NOK to a profit of 2 010 NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -1.83m NOK → -24.08m NOK (equity ratio -4.7% → -397946.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 31.6k NOK → 6 052 NOK (-80.9% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.06× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -397946.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 21.52m NOK → 21.5k NOK. Reported fact