12MR FRAMNÆS AS: årsregnskap 2010 vs 2009
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 12MR FRAMNÆS AS. Net result -4.95m NOK → -2.59m NOK. Equity -8 726 NOK → -11.31m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 12MR FRAMNÆS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -4.46m NOK → -1.93m NOK. Calculated
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↑
Net result improved
Net result -4.95m NOK → -2.59m NOK. Calculated
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↑
Payroll decreased
Salary cost -105.7k NOK → -132.8k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -8 726 NOK → -11.31m NOK (equity ratio -0.1% → -101.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 386.92× → 0.18× — 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 -101.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad -198.0k NOK → -198 NOK (+99.9% YoY). Calculated