3ANGLE AS: årsregnskap 2010 vs 2009
Mixed movements in the accounts
approved 2011-04-28; registry 2011-07-02; journal 2011 464415
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 3ANGLE AS. Revenue 295.8k NOK → 295.1k NOK (-0.2%). Equity 37.6k NOK → -2 781 NOK.
Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3ANGLE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 295.8k NOK to 295.1k NOK (-0.2% YoY). Calculated
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↓
Equity eroded
Book equity 37.6k NOK → -2 781 NOK (equity ratio 43.7% → -5.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 197.4k NOK → 245.6k NOK (67% → 83% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 10.0k NOK → 51.0k NOK (+410.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation