A/S Konnerudgt. 12: årsregnskap 2009 vs 2008
Grew 5% on revenue
approved 2010-03-16; registry 2010-07-14; journal 2010 508527
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A/S Konnerudgt. 12. Revenue 457.1k NOK → 481.7k NOK (+5.4%). Equity 955.6k NOK → 51.5k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Konnerudgt. 12.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 457.1k NOK to 481.7k NOK (+5.4% YoY). Calculated
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↑
Operating result improved
Operating result +80.0k NOK → +93.1k NOK (op. margin 17.5% → 19.3%). Calculated
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↑
Cash rose
Bank deposits 344.4k NOK → 416.8k NOK (+21.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 110.4k NOK → 65.3k NOK (24% → 14% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 955.6k NOK → 51.5k NOK (equity ratio 385.2% → 4.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation