ABEKA EIENDOM AS: årsregnskap 2011 vs 2010
Grew 201% on revenue, returned to profit
approved 2012-05-13; registry 2012-08-06; journal 2012 586045
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABEKA EIENDOM AS. Revenue 192.5k NOK → 579.1k NOK (+200.8%). Net result -21.0k NOK → +2 012 NOK. Equity 199.0k NOK → 201.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABEKA EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 192.5k NOK to 579.1k NOK (+200.8% YoY). Calculated
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↑
Operating result improved
Operating result +61.7k NOK → +201.6k NOK (op. margin 32.1% → 34.8%). Calculated
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Turned profitable
Net result flipped from a loss of 21.0k NOK to a profit of 2 012 NOK. Calculated
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↑
Equity strengthened
Book equity 199.0k NOK → 201.8k NOK (equity ratio 4.1% → 4.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 88.5k NOK → 51.2k NOK (-42.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.70× — 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 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation