A-AA MARKETING AS: årsregnskap 2009 vs 2008
Shrank 12% on revenue, stronger earnings
approved 2010-06-18; registry 2010-08-25; journal 2010 640653
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A-AA MARKETING AS. Revenue 902.3k NOK → 790.4k NOK (-12.4%). Net result +177.8k NOK → +450.7k NOK. Equity 824.1k NOK → 274.8k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Net result improved
Net result +177.8k NOK → +450.7k NOK (net margin 19.7% → 57.0%). Calculated
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Cash rose
Bank deposits 677.4k NOK → 844.7k NOK (+24.7% YoY). Calculated
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Payroll decreased
Salary cost 2.18m NOK → 128.8k NOK (242% → 16% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 902.3k NOK to 790.4k NOK (-12.4% YoY). Calculated
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↓
Equity eroded
Book equity 824.1k NOK → 274.8k NOK (equity ratio 37.3% → 10.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.24× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated