ABC LAGERHOTELL AS: årsregnskap 2010 vs 2009
Shrank 100% on revenue, stronger earnings
approved 2011-06-20; registry 2011-07-12; journal 2011 493459
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABC LAGERHOTELL AS. Revenue 395.6k NOK → 480 NOK (-99.9%). Net result +97.3k NOK → +158.5k NOK. Equity 5.15m NOK → 292.7k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC LAGERHOTELL AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +288.2k NOK → +380.3k NOK (op. margin 72.8% → 79228.1%). Calculated
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↑
Net result improved
Net result +97.3k NOK → +158.5k NOK (net margin 24.6% → 33021.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 395.6k NOK to 480 NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 5.15m NOK → 292.7k NOK (equity ratio 174.4% → 10.0%). Calculated
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↓
Cash fell
Bank deposits 195.9k NOK → 110.0k NOK (-43.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.29× → 0.85× — 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 10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation