ABRAHAMSEN EIENDOM AS: årsregnskap 2011 vs 2010
Cash halved-plus
approved 2012-02-29; registry 2012-05-02; journal 2012 357399
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABRAHAMSEN EIENDOM AS. Revenue 5.31m NOK → 5.14m NOK (-3.2%). Net result -852.1k NOK → -871.4k NOK. Equity -39.9k NOK → -11.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ABRAHAMSEN EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -39.9k NOK → -11.3k NOK (equity ratio -1.3% → -4.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.31m NOK to 5.14m NOK (-3.2% YoY). Calculated
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↓
Operating result weakened
Operating result -586.8k NOK → -788.9k NOK (op. margin -11.1% → -15.4%). Calculated
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↓
Cash fell
Bank deposits 2.54m NOK → 115.1k NOK (-95.5% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 1.01m NOK → 1.28m NOK (+27.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.54m NOK → 115.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 460.2k NOK → 360.2k NOK — check capital reduction, conversion, or reclassification. Interpretation