A-REISER AS: årsregnskap 2009 vs 2008
Grew 51% on revenue
approved 2010-02-17; registry 2010-02-25
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A-REISER AS. Revenue 4.08m NOK → 6.18m NOK (+51.3%). Equity 130.3k NOK → 271.9k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A-REISER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.08m NOK to 6.18m NOK (+51.3% YoY). Calculated
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↑
Operating result improved
Operating result +39.1k NOK → +168.9k NOK (op. margin 1.0% → 2.7%). Calculated
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↑
Equity strengthened
Book equity 130.3k NOK → 271.9k NOK (equity ratio 104.6% → 23.2%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 501.1k NOK → 601.8k NOK (12% → 10% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.28m NOK → 5.18m NOK (+57.8% YoY). Calculated