3NET AS: årsregnskap 2009 vs 2008
Grew 65% on revenue, weaker earnings, fresh owner capital
approved 2010-05-28; registry 2010-06-09; journal 2010 411816
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 3NET AS. Revenue 12.16m NOK → 20.08m NOK (+65.2%). Net result -179.3k NOK → -334.4k NOK. Equity 364.6k NOK → 266.5k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3NET AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.16m NOK to 20.08m NOK (+65.2% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 682.3k NOK → 882.3k NOK (+200.0k NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result -179.3k NOK → -334.4k NOK (net margin -1.5% → -1.7%). Calculated
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↓
Equity eroded
Book equity 364.6k NOK → 266.5k NOK (equity ratio 14.7% → 3.3%). Calculated
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↓
Cash fell
Bank deposits 512.6k NOK → 459.8k NOK (-10.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.86× — 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 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.51m NOK → 2.96m NOK (21% → 15% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 8.10m NOK → 13.91m NOK (+71.7% YoY). Calculated