ABRAFAM EIENDOM AS: årsregnskap 2011 vs 2010
Grew 172% on revenue, cash halved-plus
approved 2012-05-18; registry 2012-05-31; journal 2012 393196
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABRAFAM EIENDOM AS. Revenue 34.2k NOK → 92.9k NOK (+171.6%). Equity 5.72m NOK → 5.86m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABRAFAM EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 34.2k NOK to 92.9k NOK (+171.6% YoY). Calculated
-
↑
Equity strengthened
Book equity 5.72m NOK → 5.86m NOK (equity ratio 76.9% → 85.5%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +941.2k NOK → +41.2k NOK (op. margin 2752.2% → 44.4%). Calculated
-
↓
Cash fell
Bank deposits 1.56m NOK → 59.1k NOK (-96.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.22× → 0.54× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.56m NOK → 59.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 2.06m NOK → 2.75m NOK. Reported fact