Org.nr 989 106 651 2008 → 2009 Year-over-year analysis

2TEX AS: årsregnskap 2009 vs 2008

Cash halved-plus

approved 2010-05-27; registry 2010-07-19; journal 2010 518284

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for 2TEX AS. Revenue 0 NOK → 0 NOK (0.0%). Equity 16.80m NOK → 14.87m NOK.

Pressures included: equity eroded; cash fell; payroll up without matching revenue.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 2TEX AS.

At a glance

Revenue

0 NOK 0 NOK

0.0%

Net result

n/m +428 NOK

—

Equity

16.80m NOK 14.87m NOK

-11.5%

Cash

15.29m NOK 1.90m NOK

-87.6%

Total assets

20.12m NOK 16.50m NOK

-18.0%

↓
Equity eroded

Book equity 16.80m NOK → 14.87m NOK (equity ratio 83.5% → 90.1%). Calculated
↓
Cash fell

Bank deposits 15.29m NOK → 1.90m NOK (-87.6% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 2 452 NOK → 694.0k NOK. Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (15.29m NOK → 1.90m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 4 239 NOK → 13.46m NOK. Reported fact