Org.nr 983 384 099 2008 → 2009 Year-over-year analysis

A-TECH PROFFSERVICE AS: årsregnskap 2009 vs 2008

Shrank 11% on revenue, cash halved-plus

approved 2011-03-30; registry 2011-04-04; journal 2011 326688

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for A-TECH PROFFSERVICE AS. Revenue 3.11m NOK → 2.77m NOK (-11.0%). Equity -2.54m NOK → -4.01m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A-TECH PROFFSERVICE AS.

At a glance

Revenue

3.11m NOK 2.77m NOK

-11.0%

Equity

-2.54m NOK -4.01m NOK

-57.8%

Cash

109.7k NOK 23.7k NOK

-78.4%

Total assets

1.20m NOK 101.6k NOK

-91.5%

↑
Payroll decreased

Salary cost 2.26m NOK → 2.20m NOK (73% → 79% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 3.11m NOK to 2.77m NOK (-11.0% YoY). Calculated
↓
Equity eroded

Book equity -2.54m NOK → -4.01m NOK (equity ratio -212.1% → -3950.6%). Calculated
↓
Cash fell

Bank deposits 109.7k NOK → 23.7k NOK (-78.4% YoY). Calculated

·
Thin equity buffer

Equity ratio is -3950.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 166.9k NOK → 40.4k NOK (-75.8% YoY). Calculated