15 MEANINGS AS: årsregnskap 2009 vs 2008
Shrank 38% on revenue
approved 2010-10-29; registry 2010-11-09; journal 2010 785137
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 15 MEANINGS AS. Revenue 655.4k NOK → 404.7k NOK (-38.2%). Equity 236.2k NOK → -97.1k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 15 MEANINGS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +174.9k NOK → +359.6k NOK (op. margin 26.7% → 88.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 655.4k NOK to 404.7k NOK (-38.2% YoY). Calculated
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↓
Equity eroded
Book equity 236.2k NOK → -97.1k NOK (equity ratio 28.2% → -29.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 29.71× → 0.00× — 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 -29.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation