FirmaIQ
Org.nr 977 058 228 2009 → 2010 Year-over-year analysis

ABRA FINANCE AS: årsregnskap 2010 vs 2009

Shrank 8% on revenue, slipped into loss

approved 2011-06-30; registry 2011-08-27; journal 2011 640376

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ABRA FINANCE AS. Revenue 2.29m NOK → 2.10m NOK (-8.3%). Net result +47.7k NOK → -98.9k NOK. Equity 152.5k NOK → 53.6k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

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

At a glance

Scorecard

Revenue
2.29m NOK 2.10m NOK
-8.3%
Operating result
+111.0k NOK -91.3k NOK
-182.2%
Net result
+47.7k NOK -98.9k NOK
-307.5%
Equity
152.5k NOK 53.6k NOK
-64.9%
Total assets
836.0k NOK 762.9k NOK
-8.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.29m NOK to 2.10m NOK (-8.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +111.0k NOK → -91.3k NOK (op. margin 4.9% → -4.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 47.7k NOK profit to a loss of 98.9k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 152.5k NOK → 53.6k NOK (equity ratio 18.2% → 7.0%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.57m NOK → 1.59m NOK (68% → 76% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation