ABG EIENDOM AS: årsregnskap 2009 vs 2008
Grew 55% on revenue, cash halved-plus
approved 2010-03-23; registry 2010-04-17
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABG EIENDOM AS. Revenue 270.3k NOK → 419.6k NOK (+55.3%). Equity 2.29m NOK → 748.7k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ABG EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 270.3k NOK to 419.6k NOK (+55.3% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 107.5k NOK → 112.6k NOK (+5 120 NOK). Reported fact
What deteriorated
-
↓
Equity eroded
Book equity 2.29m NOK → 748.7k NOK (equity ratio 54.9% → 2.0%). Calculated
-
↓
Cash fell
Bank deposits 3.78m NOK → 1.48m NOK (-60.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.78m NOK → 1.48m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 419.2k NOK → 587.9k NOK (155% → 140% of revenue). Calculated