A3T INVEST AS: årsregnskap 2009 vs 2008
Grew 58677% on revenue, weaker earnings
approved 2010-03-25; registry 2010-05-27
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A3T INVEST AS. Revenue 1 259 NOK → 740.0k NOK (+58676.8%). Net result +707.7k NOK → +226.1k NOK. Equity 807.7k NOK → 33.9k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for A3T INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 259 NOK to 740.0k NOK (+58676.8% YoY). Calculated
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↑
Cash rose
Bank deposits 11.7k NOK → 38.2k NOK (+225.8% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +707.7k NOK → +226.1k NOK (net margin 56212.8% → 30.6%). Calculated
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↓
Equity eroded
Book equity 807.7k NOK → 33.9k NOK (equity ratio 61006.0% → 2.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 191 NOK → 134.9k NOK (174% → 18% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 1 011 NOK → 7 NOK. Reported fact