FirmaIQ
Org.nr 989 657 763 2010 → 2011 Year-over-year analysis

ABILITY GROUP AS: årsregnskap 2011 vs 2010

Cash halved-plus

approved 2012-08-21; registry 2012-09-01; journal 2012 692840

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ABILITY GROUP AS. Equity 1.74m NOK → -79.3k NOK.

Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABILITY GROUP AS.

At a glance

Scorecard

Revenue
n/m 0 NOK
—
Operating result
n/m -62.0k NOK
—
Net result
n/m -1.82m NOK
—
Equity
1.74m NOK -79.3k NOK
-104.5%
Cash
1.38m NOK 220.8k NOK
-84.0%
Total assets
4.57m NOK 894.8k NOK
-80.4%

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.74m NOK → -79.3k NOK (equity ratio 38.1% → -8.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.38m NOK → 220.8k NOK (-84.0% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.38m NOK → 220.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 8.67m NOK → 317.5k NOK. Reported fact