88 INVEST AS: årsregnskap 2010 vs 2009
Shrank 41% on revenue
approved 2011-06-28; registry 2011-08-16; journal 2011 590617
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 88 INVEST AS. Revenue 50.6k NOK → 29.7k NOK (-41.3%). Equity -533.0k NOK → -862.6k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 88 INVEST AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 3 387 NOK → 39.1k NOK (+1054.5% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 50.6k NOK to 29.7k NOK (-41.3% YoY). Calculated
-
↓
Equity eroded
Book equity -533.0k NOK → -862.6k NOK (equity ratio -24.4% → -46.3%). Calculated
-
↓
COGS moved
COGS / varekostnad 27.1k NOK → 50.6k NOK (+86.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -46.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation