3L-INVEST AS: årsregnskap 2010 vs 2009
Grew 177% on revenue, slipped into loss
approved 2011-08-24; registry 2011-09-14; journal 2011 760829
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 3L-INVEST AS. Revenue 301.1k NOK → 835.3k NOK (+177.4%). Net result +1 220 NOK → -61.5k NOK. Equity 7 969 NOK → -53.5k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3L-INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 301.1k NOK to 835.3k NOK (+177.4% YoY). Calculated
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↑
Cash rose
Bank deposits 28.2k NOK → 33.9k NOK (+20.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 7 136 NOK → 357 NOK (2% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -28.1k NOK → -48.2k NOK (op. margin -9.3% → -5.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 1 220 NOK profit to a loss of 61.5k NOK. Calculated
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↓
Equity eroded
Book equity 7 969 NOK → -53.5k NOK (equity ratio 5.9% → -43.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -43.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation