3PL SOLUTIONS AS: årsregnskap 2009 vs 2008
Shrank 10% on revenue, cash halved-plus
approved 2010-04-22; registry 2010-07-19; journal 2010 518766
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 3PL SOLUTIONS AS. Revenue 48.35m NOK → 43.71m NOK (-9.6%). Equity 1.61m NOK → 1.89m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 3PL SOLUTIONS AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 1.61m NOK → 1.89m NOK (equity ratio 10.0% → 15.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 48.35m NOK to 43.71m NOK (-9.6% YoY). Calculated
-
↓
Cash fell
Bank deposits 3.67m NOK → 1.36m NOK (-63.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.13× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 13.66m NOK → 15.36m NOK (28% → 35% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.67m NOK → 1.36m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 19.41m NOK → 16.86m NOK (-13.1% YoY). Calculated