ABAN INTERNATIONAL NORWAY AS: årsregnskap 2010 vs 2009
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2010-07-05; registry 2010-11-03; journal 2010 783827
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABAN INTERNATIONAL NORWAY AS. Revenue 400.1k NOK → 0 NOK (-100.0%). Net result +79.96m NOK → -22.36m NOK. Equity -8.57m NOK → -41.46m NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ABAN INTERNATIONAL NORWAY AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 400.1k NOK to 0 NOK (-100.0% YoY). Calculated
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Fell into a net loss
Net result flipped from 79.96m NOK profit to a loss of 22.36m NOK. Calculated
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↓
Equity eroded
Book equity -8.57m NOK → -41.46m NOK (equity ratio -1.1% → -5.2%). Calculated
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↓
Cash fell
Bank deposits 35.61m NOK → 60.8k NOK (-99.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -5.2% 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 (35.61m NOK → 60.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 92914000.15bn NOK → 24 NOK (-100.0% YoY). Calculated