FirmaIQ
Org.nr 972 405 949 2008 → 2009 Year-over-year analysis

ABRAXAS AS: årsregnskap 2009 vs 2008

Shrank 100% on revenue, weaker earnings

approved 2010-09-17; registry 2010-09-22; journal 2010 763305

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ABRAXAS AS. Revenue 383.7k NOK → 383 NOK (-99.9%). Net result +269.3k NOK → +3 156 NOK. Equity 5.83m NOK → 5.71m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABRAXAS AS.

At a glance

Scorecard

Revenue
383.7k NOK 383 NOK
-99.9%
Operating result
+332.8k NOK -52.9k NOK
-115.9%
Net result
+269.3k NOK +3 156 NOK
-98.8%
Equity
5.83m NOK 5.71m NOK
-2.1%
Total assets
7.32m NOK 6.27m NOK
-14.4%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 383.7k NOK to 383 NOK (-99.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +332.8k NOK → -52.9k NOK (op. margin 86.7% → -13822.5%). Calculated

  • ↓

    Net result weakened

    Net result +269.3k NOK → +3 156 NOK (net margin 70.2% → 824.0%). Calculated

  • ↓

    Equity eroded

    Book equity 5.83m NOK → 5.71m NOK (equity ratio 79.6% → 91.1%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 628.2k NOK → 2.20m NOK. Reported fact