A2 DRIFT AS: årsregnskap 2009 vs 2008
Shrank 100% on revenue, stronger earnings
approved 2010-06-22; registry 2010-07-19; journal 2010 523355
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A2 DRIFT AS. Revenue 460.9k NOK → 1 126 NOK (-99.8%). Net result -71.2k NOK → -17.0k NOK. Equity 597.9k NOK → 580.9k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for A2 DRIFT AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -71.2k NOK → -17.0k NOK (net margin -15.5% → -1513.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 460.9k NOK to 1 126 NOK (-99.8% YoY). Calculated
-
↓
Equity eroded
Book equity 597.9k NOK → 580.9k NOK (equity ratio 7.0% → 5.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 597.9k NOK → 580.9k NOK — check capital reduction, conversion, or reclassification. Interpretation