3P DISTRIBUSJON AS: årsregnskap 2009 vs 2008
Shrank 26% on revenue, slipped into loss, cash halved-plus
approved 2010-11-15; registry 2010-12-20; journal 2010 791860
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 3P DISTRIBUSJON AS. Revenue 935.8k NOK → 696.7k NOK (-25.6%). Net result +253.7k NOK → -543.75bn NOK. Equity 307.2k NOK → -236.5k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3P DISTRIBUSJON AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 935.8k NOK to 696.7k NOK (-25.6% YoY). Calculated
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Operating result weakened
Operating result +350.9k NOK → -615.2k NOK (op. margin 37.5% → -88.3%). Calculated
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Fell into a net loss
Net result flipped from 253.7k NOK profit to a loss of 543.75bn NOK. Calculated
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Equity eroded
Book equity 307.2k NOK → -236.5k NOK (equity ratio 53.5% → -22.2%). Calculated
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Cash fell
Bank deposits 540.2k NOK → 12.4k NOK (-97.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -22.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation