ABG SUNDAL COLLIER HOLDING ASA: årsregnskap 2011 vs 2010
Weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABG SUNDAL COLLIER HOLDING ASA. Revenue 0 NOK → 0 NOK (0.0%). Net result +278.8k NOK → +98.6k NOK. Equity 492.2k NOK → 30.8k NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ABG SUNDAL COLLIER HOLDING ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -8 439 NOK → +6 182 NOK. Calculated
What deteriorated
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↓
Net result weakened
Net result +278.8k NOK → +98.6k NOK. Calculated
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↓
Equity eroded
Book equity 492.2k NOK → 30.8k NOK (equity ratio 702.4% → 3.6%). Calculated
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↓
Cash fell
Bank deposits 35.5k NOK → -7 316 NOK (-120.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 388.1k NOK → 328.1k NOK — check capital reduction, conversion, or reclassification. Interpretation