FirmaIQ
Org.nr 925 102 423 2009 → 2010 Year-over-year analysis

ABEL FINANS AS: årsregnskap 2010 vs 2009

Weaker earnings

approved 2011-03-10; registry 2011-03-17; journal 2011 314268

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ABEL FINANS AS. Revenue 445.0k NOK → 460.1k NOK (+3.4%). Net result +600.5k NOK → +291.8k NOK. Equity 1.78m NOK → 1.75m NOK.

On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: net result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABEL FINANS AS.

At a glance

Scorecard

Revenue
445.0k NOK 460.1k NOK
+3.4%
Operating result
+338.3k NOK +364.0k NOK
+7.6%
Net result
+600.5k NOK +291.8k NOK
-51.4%
Equity
1.78m NOK 1.75m NOK
-1.4%
Total assets
2.51m NOK 2.22m NOK
-11.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 445.0k NOK to 460.1k NOK (+3.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +338.3k NOK → +364.0k NOK (op. margin 76.0% → 79.1%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.20× → 12.45×. Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +600.5k NOK → +291.8k NOK (net margin 134.9% → 63.4%). Calculated

  • ↓

    Equity eroded

    Book equity 1.78m NOK → 1.75m NOK (equity ratio 70.7% → 79.0%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 89.4k NOK → 652.0k NOK. Reported fact