A24A GROUP AS: årsregnskap 2009 vs 2008
Shrank 34% on revenue, cash halved-plus
approved 2010-06-11; registry 2010-06-21; journal 2010 439749
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A24A GROUP AS. Revenue 520.0k NOK → 344.7k NOK (-33.7%). Equity 575.3k NOK → -903.3k 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 A24A GROUP AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 520.0k NOK to 344.7k NOK (-33.7% YoY). Calculated
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↓
Operating result weakened
Operating result +118.3k NOK → -1.22m NOK (op. margin 22.7% → -353.5%). Calculated
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↓
Equity eroded
Book equity 575.3k NOK → -903.3k NOK (equity ratio 57.9% → -39.7%). Calculated
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↓
Cash fell
Bank deposits 91.7k NOK → 2 292 NOK (-97.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -39.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation