AF ARNTSEN & FALLANG EIENDOM AS: årsregnskap 2011 vs 2010
Grew 18% on revenue, stronger earnings
approved 2012-03-21; registry 2012-06-25; journal 2012 460664
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AF ARNTSEN & FALLANG EIENDOM AS. Revenue 476.0k NOK → 560.9k NOK (+17.8%). Net result +108.6k NOK → +176.0k NOK. Equity 858.8k NOK → 34.9k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AF ARNTSEN & FALLANG EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 476.0k NOK to 560.9k NOK (+17.8% YoY). Calculated
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↑
Net result improved
Net result +108.6k NOK → +176.0k NOK (net margin 22.8% → 31.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 858.8k NOK → 34.9k NOK (equity ratio 22.9% → 0.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation