ABAN INTERNATIONAL NORWAY AS: årsregnskap 2009 vs 2008
Grew 33% on revenue, returned to profit, cash halved-plus
approved 2009-08-06; registry 2009-12-10
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABAN INTERNATIONAL NORWAY AS. Revenue 301.9k NOK → 400.1k NOK (+32.5%). Net result -18.29m NOK → +79.96m NOK. Equity 28.5k NOK → -8.57m NOK.
On the constructive side: revenue rose; turned profitable; owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABAN INTERNATIONAL NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 301.9k NOK to 400.1k NOK (+32.5% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 18.29m NOK to a profit of 79.96m NOK. Calculated
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↑
Owners injected capital
Paid-in equity rose 9 366 NOK → 9.37m NOK (+9.36m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 28.5k NOK → -8.57m NOK (equity ratio 3592.3% → -1.1%). Calculated
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↓
Cash fell
Bank deposits 173.15m NOK → 35.61m NOK (-79.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 10.40× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (173.15m NOK → 35.61m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 794 NOK → 794.22m NOK. Reported fact