ABELSNES INVEST AS: årsregnskap 2011 vs 2010
Shrank 52% on revenue, cash halved-plus
approved 2012-06-30; registry 2012-07-10; journal 2012 516827
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABELSNES INVEST AS. Revenue 789.2k NOK → 375.0k NOK (-52.5%). Net result +81.3k NOK → +86.4k NOK. Equity 377.5k NOK → 464.0k NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABELSNES INVEST AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +81.3k NOK → +86.4k NOK (net margin 10.3% → 23.1%). Calculated
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↑
Equity strengthened
Book equity 377.5k NOK → 464.0k NOK (equity ratio 8.9% → 10.0%). Calculated
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↑
Payroll decreased
Salary cost 2.21m NOK → 11.1k NOK (280% → 3% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 789.2k NOK to 375.0k NOK (-52.5% YoY). Calculated
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↓
Operating result weakened
Operating result +218.7k NOK → +11.5k NOK (op. margin 27.7% → 3.1%). Calculated
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↓
Cash fell
Bank deposits 46.0k NOK → 15.0k NOK (-67.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 10.91m NOK → 10 NOK. Reported fact