365 ECONOMY AS: årsregnskap 2010 vs 2009
Grew 526% on revenue
approved 2011-06-30; registry 2011-08-27; journal 2011 643824
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 365 ECONOMY AS. Revenue 51.0k NOK → 319.2k NOK (+525.8%). Equity 9 993 NOK → -95.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for 365 ECONOMY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 51.0k NOK to 319.2k NOK (+525.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -100.0k NOK → -184.1k NOK (op. margin -196.1% → -57.7%). Calculated
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↓
Equity eroded
Book equity 9 993 NOK → -95.6k NOK (equity ratio 6.2% → -35.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.36× — 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 -35.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 110.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 15.8k NOK → 2.46m NOK (31% → 770% of revenue). Calculated