1000 MILE NORGE AS: årsregnskap 2010 vs 2009
Grew 197% on revenue, slipped into loss
approved 2011-11-03; registry 2011-11-07; journal 2011 794323
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 1000 MILE NORGE AS. Revenue 102.8k NOK → 305.4k NOK (+197.1%). Net result +15.7k NOK → -348.6k NOK. Equity 136.4k NOK → -212.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 1000 MILE NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 102.8k NOK to 305.4k NOK (+197.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -15.3k NOK → -347.5k NOK (op. margin -14.9% → -113.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 15.7k NOK profit to a loss of 348.6k NOK. Calculated
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↓
Equity eroded
Book equity 136.4k NOK → -212.2k NOK (equity ratio 27.0% → -93.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.37× → 0.52× — 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 -93.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 37.4k NOK → 242.7k NOK (+548.4% YoY). Calculated