ABS ASSURANSEAGENTURER AS: årsregnskap 2011 vs 2010
Shrank 14% on revenue, weaker earnings, cash halved-plus
approved 2011-05-31; registry 2012-10-03; journal 2012 793996
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABS ASSURANSEAGENTURER AS. Revenue 269.4k NOK → 232.8k NOK (-13.6%). Net result +67.8k NOK → +27.0k NOK. Equity 3.16m NOK → 190.6k NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
269.4k NOK
232.8k NOK
-13.6%
Net result
+67.8k NOK
+27.0k NOK
-60.2%
Equity
3.16m NOK
190.6k NOK
-94.0%
Cash
24.4k NOK
71 NOK
-99.7%
Total assets
1.85m NOK
1.88m NOK
+2.0%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 269.4k NOK to 232.8k NOK (-13.6% YoY). Calculated
-
↓
Net result weakened
Net result +67.8k NOK → +27.0k NOK (net margin 25.2% → 11.6%). Calculated
-
↓
Equity eroded
Book equity 3.16m NOK → 190.6k NOK (equity ratio 171.2% → 10.1%). Calculated
-
↓
Cash fell
Bank deposits 24.4k NOK → 71 NOK (-99.7% YoY). Calculated