1000 MILE NORGE AS: årsregnskap 2009 vs 2008
Shrank 64% on revenue, weaker earnings
approved 2010-08-31; registry 2010-09-14; journal 2010 755462
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 1000 MILE NORGE AS. Revenue 282.2k NOK → 102.8k NOK (-63.6%). Net result +170.6k NOK → +15.7k NOK. Equity 6.15m NOK → 136.4k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 1000 MILE NORGE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 4 422 NOK → 22.2k NOK (+401.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 1.37×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 282.2k NOK to 102.8k NOK (-63.6% YoY). Calculated
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↓
Net result weakened
Net result +170.6k NOK → +15.7k NOK (net margin 60.4% → 15.2%). Calculated
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↓
Equity eroded
Book equity 6.15m NOK → 136.4k NOK (equity ratio 1265.2% → 27.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 63.4k NOK → 37.4k NOK (-41.0% YoY). Calculated