3D MEDIA AS: årsregnskap 2010 vs 2009
Shrank 16% on revenue, weaker earnings
approved 2011-04-06; registry 2011-04-09; journal 2011 333748
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 3D MEDIA AS. Revenue 724.1k NOK → 608.0k NOK (-16.0%). Net result -8 428 NOK → -157.6k NOK. Equity 99.7k NOK → -57.9k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3D MEDIA AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 724.1k NOK to 608.0k NOK (-16.0% YoY). Calculated
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↓
Operating result weakened
Operating result -8 112 NOK → -155.1k NOK (op. margin -1.1% → -25.5%). Calculated
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↓
Net result weakened
Net result -8 428 NOK → -157.6k NOK (net margin -1.2% → -25.9%). Calculated
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↓
Equity eroded
Book equity 99.7k NOK → -57.9k NOK (equity ratio 26.7% → -42.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.44× — 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 -42.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation