ABC HALVORSEN EIENDOM AS: årsregnskap 2011 vs 2010
Grew 35% on revenue
approved 2012-06-30; registry 2012-09-15; journal 2012 779869
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABC HALVORSEN EIENDOM AS. Revenue 1.67m NOK → 2.26m NOK (+35.2%). Equity 1.78m NOK → 1.19m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ABC HALVORSEN EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.67m NOK to 2.26m NOK (+35.2% YoY). Calculated
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↑
Cash rose
Bank deposits 36 NOK → 52.9k NOK (+146780.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.78m NOK → 1.19m NOK (equity ratio 11.5% → 7.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 301.2k NOK → 300.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 361 NOK → 5 434 NOK (0% → 0% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 1.90m NOK → 900.0k NOK. Reported fact