ABSALONSEN TRANSPORT AS: årsregnskap 2010 vs 2009
Shrank 69% on revenue, stronger earnings
approved 2011-06-29; registry 2011-09-12; journal 2011 750551
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABSALONSEN TRANSPORT AS. Revenue 1.36m NOK → 422.4k NOK (-68.9%). Net result -53.3k NOK → -8 001 NOK. Equity -86.6k NOK → -94.6k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSALONSEN TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +64.9k NOK → +116.5k NOK (op. margin 4.8% → 27.6%). Calculated
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↑
Net result improved
Net result -53.3k NOK → -8 001 NOK (net margin -3.9% → -1.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.36m NOK to 422.4k NOK (-68.9% YoY). Calculated
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↓
Equity eroded
Book equity -86.6k NOK → -94.6k NOK (equity ratio -6.4% → -8.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.18× → 0.12× — 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 -8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation