10X CAPITAL AS: årsregnskap 2010 vs 2009
Shrank 100% on revenue
approved 2011-04-26; registry 2011-05-26; journal 2011 374464
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 10X CAPITAL AS. Revenue 805.45m NOK → 660.8k NOK (-99.9%). Equity 46.0k NOK → -100.0k NOK.
On the constructive side: payroll decreased. 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 10X CAPITAL AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 432.4k NOK → 2 NOK (0% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 805.45m NOK to 660.8k NOK (-99.9% YoY). Calculated
-
↓
Equity eroded
Book equity 46.0k NOK → -100.0k NOK (equity ratio 25.2% → -79.6%). Calculated
-
↓
Cash fell
Bank deposits 182.4k NOK → 105.7k NOK (-42.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.34× → 0.56× — 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 -79.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 35.2k NOK → 13.9k NOK (-60.6% YoY). Calculated