ABRAHAMSEN EIENDOM AS: årsregnskap 2010 vs 2009
Shrank 16% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABRAHAMSEN EIENDOM AS. Revenue 6.33m NOK → 5.31m NOK (-16.2%). Net result +521.7k NOK → -852.1k NOK. Equity 812.2k NOK → -39.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABRAHAMSEN EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1.09m NOK → 2.54m NOK (+132.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.33m NOK to 5.31m NOK (-16.2% YoY). Calculated
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↓
Operating result weakened
Operating result +862.9k NOK → -586.8k NOK (op. margin 13.6% → -11.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 521.7k NOK profit to a loss of 852.1k NOK. Calculated
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↓
Equity eroded
Book equity 812.2k NOK → -39.9k NOK (equity ratio 19.4% → -1.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.24m NOK → 1.01m NOK (-18.8% YoY). Calculated