AEB HOLDING AS: årsregnskap 2009 vs 2008
Stronger earnings, cash halved-plus
approved 2010-10-19; registry 2010-11-04; journal 2010 783872
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AEB HOLDING AS. Net result -375.2k NOK → -119.5k NOK. Equity -312.7k NOK → -432.3k NOK.
On the constructive side: net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEB HOLDING AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -375.2k NOK → -119.5k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -10.3k NOK → -23.9k NOK. Calculated
-
↓
Equity eroded
Book equity -312.7k NOK → -432.3k NOK (equity ratio -29.4% → -61.6%). Calculated
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↓
Cash fell
Bank deposits 553.7k NOK → 45.9k NOK (-91.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -61.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation