ABUNDANTIA AS: årsregnskap 2011 vs 2010
Shrank 87% on revenue, slipped into loss, cash halved-plus
approved 2012-06-29; registry 2012-08-06; journal 2012 581651
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABUNDANTIA AS. Revenue 486.1k NOK → 64.9k NOK (-86.6%). Net result +158.3k NOK → -306.7k NOK. Equity 186.1k NOK → -120.6k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for ABUNDANTIA AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +182.6k NOK → +308.3k NOK (op. margin 37.6% → 475.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 486.1k NOK to 64.9k NOK (-86.6% YoY). Calculated
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Fell into a net loss
Net result flipped from 158.3k NOK profit to a loss of 306.7k NOK. Calculated
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↓
Equity eroded
Book equity 186.1k NOK → -120.6k NOK (equity ratio 41.2% → -13.8%). Calculated
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↓
Cash fell
Bank deposits 3.22m NOK → 706.2k NOK (-78.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.70× → 0.88× — 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 -13.8% 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 (3.22m NOK → 706.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation