Org.nr 950 192 593 2010 → 2011 Year-over-year analysis

ABACUS FINANS AS: årsregnskap 2011 vs 2010

Slipped into loss, cash halved-plus

approved 2012-06-13; registry 2012-08-16; journal 2012 613293

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ABACUS FINANS AS. Net result +11.25m NOK → -34.67m NOK. Equity 42.56m NOK → 7.91m NOK.

On the constructive side: owners injected capital. Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABACUS FINANS AS.

At a glance

Net result

+11.25m NOK -34.67m NOK

-408.2%

Equity

42.56m NOK 7.91m NOK

-81.4%

Cash

31.32m NOK 2.27m NOK

-92.8%

Total assets

50.00m NOK 8.23m NOK

-83.5%

↑
Owners injected capital

Paid-in equity rose 23.11m NOK → 23.13m NOK (+21.0k NOK). Reported fact

↓
Fell into a net loss

Net result flipped from 11.25m NOK profit to a loss of 34.67m NOK. Calculated
↓
Equity eroded

Book equity 42.56m NOK → 7.91m NOK (equity ratio 85.1% → 96.1%). Calculated
↓
Cash fell

Bank deposits 31.32m NOK → 2.27m NOK (-92.8% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (31.32m NOK → 2.27m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation