A. EVENSEN EIENDOM AS: årsregnskap 2010 vs 2009
Shrank 47% on revenue, stronger earnings
approved 2011-11-09; registry 2011-11-12; journal 2011 795336
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A. EVENSEN EIENDOM AS. Revenue 934.6k NOK → 498.9k NOK (-46.6%). Net result +67.8k NOK → +2.07m NOK. Equity 978.3k NOK → 45.5k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A. EVENSEN EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +67.8k NOK → +2.07m NOK (net margin 7.3% → 414.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 934.6k NOK to 498.9k NOK (-46.6% YoY). Calculated
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↓
Operating result weakened
Operating result +601.6k NOK → +224.6k NOK (op. margin 64.4% → 45.0%). Calculated
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↓
Equity eroded
Book equity 978.3k NOK → 45.5k NOK (equity ratio 11.6% → 0.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.00m NOK → 3.59m NOK. Reported fact