A PLUSS AS: årsregnskap 2010 vs 2009
Mixed movements in the accounts
approved 2011-05-20; registry 2011-09-09; journal 2011 732814
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A PLUSS AS. Revenue 444.3k NOK → 426.9k NOK (-3.9%). Equity 65.3k NOK → 19.6k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A PLUSS AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 444.3k NOK to 426.9k NOK (-3.9% YoY). Calculated
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↓
Operating result weakened
Operating result -45.5k NOK → -45.7k NOK (op. margin -10.2% → -10.7%). Calculated
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↓
Equity eroded
Book equity 65.3k NOK → 19.6k NOK (equity ratio 25.0% → 7.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 387.7k NOK → 409.8k NOK (87% → 96% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation