A MARINE AS: årsregnskap 2010 vs 2009
Shrank 97% on revenue, weaker earnings, cash halved-plus
approved 2011-06-30; registry 2011-09-10; journal 2011 746133
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A MARINE AS. Revenue 305.4k NOK → 9 231 NOK (-97.0%). Net result +136.0k NOK → +70.7k NOK. Equity -451.8k NOK → -522.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A MARINE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 51.3k NOK → 3 101 NOK (17% → 34% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 305.4k NOK to 9 231 NOK (-97.0% YoY). Calculated
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↓
Operating result weakened
Operating result +133.8k NOK → -70.5k NOK (op. margin 43.8% → -763.5%). Calculated
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↓
Net result weakened
Net result +136.0k NOK → +70.7k NOK (net margin 44.5% → 765.5%). Calculated
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↓
Equity eroded
Book equity -451.8k NOK → -522.5k NOK (equity ratio -1493.0% → -7852.1%). Calculated
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↓
Cash fell
Bank deposits 17.2k NOK → 5 843 NOK (-66.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7852.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation