ABZ PERSONAL AS: årsregnskap 2010 vs 2009
Shrank 100% on revenue, stronger earnings
approved 2011-05-05; registry 2011-06-27; journal 2011 438027
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABZ PERSONAL AS. Revenue 1.67m NOK → 6 202 NOK (-99.6%). Net result -48.1k NOK → -25.4k NOK. Equity 46.8k NOK → 21.4k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABZ PERSONAL AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -48.1k NOK → -25.4k NOK (net margin -2.9% → -409.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.67m NOK to 6 202 NOK (-99.6% YoY). Calculated
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↓
Equity eroded
Book equity 46.8k NOK → 21.4k NOK (equity ratio 13.8% → 6.8%). Calculated
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↓
Cash fell
Bank deposits 26.4k NOK → 15.0k NOK (-43.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.70m NOK → 1 704 NOK (-99.9% YoY). Calculated