4U HAIR BODY STYLE AS: årsregnskap 2009 vs 2008
Shrank 55% on revenue, stronger earnings
approved 2010-04-27; registry 2010-05-27
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 4U HAIR BODY STYLE AS. Revenue 1.45m NOK → 646.0k NOK (-55.4%). Net result -635.9k NOK → -2 002 NOK. Equity -2.45m NOK → -2.45m NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4U HAIR BODY STYLE AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -635.9k NOK → -2 002 NOK (net margin -43.9% → -0.3%). Calculated
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↑
Equity strengthened
Book equity -2.45m NOK → -2.45m NOK (equity ratio -104.3% → -185.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.45m NOK to 646.0k NOK (-55.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.34× → 0.06× — 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 -185.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 260.5k NOK → 202.4k NOK (-22.3% YoY). Calculated