ABA PROSJEKT AS: årsregnskap 2010 vs 2009
Slipped into loss
approved 2011-05-18; registry 2011-08-15; journal 2011 583422
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABA PROSJEKT AS. Revenue 500.9k NOK → 500.0k NOK (-0.2%). Net result +111.4k NOK → -135.6k NOK. Equity 348.5k NOK → 212.9k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABA PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 13.7k NOK → 38.1k NOK (+178.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.40× → 9.08×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 500.9k NOK to 500.0k NOK (-0.2% YoY). Calculated
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↓
Operating result weakened
Operating result +271.6k NOK → -49.6k NOK (op. margin 54.2% → -9.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 111.4k NOK profit to a loss of 135.6k NOK. Calculated
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↓
Equity eroded
Book equity 348.5k NOK → 212.9k NOK (equity ratio 5.9% → 3.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation