Org.nr 992 764 341 2010 → 2011 Year-over-year analysis

ABELNES EIENDOM AS: årsregnskap 2011 vs 2010

Grew 245% on revenue, cash halved-plus

approved 2012-06-30; registry 2012-08-29; journal 2012 667061

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ABELNES EIENDOM AS. Revenue 422.3k NOK → 1.46m NOK (+244.6%). Equity 1.65m NOK → 1.65m NOK.

On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABELNES EIENDOM AS.

At a glance

Revenue

422.3k NOK 1.46m NOK

+244.6%

Operating result

+1.00m NOK +824.9k NOK

-17.5%

Net result

n/m +4 348 NOK

—

Equity

1.65m NOK 1.65m NOK

+0.3%

Cash

25.2k NOK 1 393 NOK

-94.5%

Total assets

14.08m NOK 20.02m NOK

+42.2%

↑
Revenue rose

Operating income / revenue moved from 422.3k NOK to 1.46m NOK (+244.6% YoY). Calculated
↑
Equity strengthened

Book equity 1.65m NOK → 1.65m NOK (equity ratio 11.7% → 8.2%). Calculated
↑
Payroll decreased

Salary cost 57.0k NOK → 11.4k NOK (14% → 1% of revenue). Calculated

↓
Operating result weakened

Operating result +1.00m NOK → +824.9k NOK (op. margin 236.9% → 56.7%). Calculated
↓
Cash fell

Bank deposits 25.2k NOK → 1 393 NOK (-94.5% YoY). Calculated

·
Thin equity buffer

Equity ratio is 8.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation