ABSHERON AS: årsregnskap 2010 vs 2009
Weaker earnings
approved 2011-04-19; registry 2011-04-27; journal 2011 346859
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABSHERON AS. Net result -39.4k NOK → -98.5k NOK. Equity 130.7k NOK → 32.2k NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABSHERON AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -39.5k NOK → +3 322 NOK. Calculated
What deteriorated
-
↓
Net result weakened
Net result -39.4k NOK → -98.5k NOK. Calculated
-
↓
Equity eroded
Book equity 130.7k NOK → 32.2k NOK (equity ratio 65.0% → 4.9%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.51× → 0.02× — 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 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 201.0k NOK → 500 NOK. Reported fact