FirmaIQ
Org.nr 991 847 073 2009 → 2010 Year-over-year analysis

ABES TRAFIKKSKOLE AS: årsregnskap 2010 vs 2009

Mixed movements in the accounts

approved 2011-04-26; registry 2011-07-12; journal 2011 494495

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ABES TRAFIKKSKOLE AS. Revenue 3.40m NOK → 3.24m NOK (-4.9%). Equity 130.5k NOK → -113.6k NOK.

Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

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

At a glance

Scorecard

Revenue
3.40m NOK 3.24m NOK
-4.9%
Equity
130.5k NOK -113.6k NOK
-187.1%
Total assets
430.3k NOK 1.32m NOK
+206.2%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.40m NOK to 3.24m NOK (-4.9% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 130.5k NOK → -113.6k NOK (equity ratio 30.3% → -8.6%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.76m NOK → 1.85m NOK (52% → 57% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -8.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation