ABA-SKOL AS: årsregnskap 2009 vs 2008
Grew 47% on revenue, stronger earnings, cash halved-plus
approved 2010-05-25; registry 2010-07-12; journal 2010 493181
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABA-SKOL AS. Revenue 7.28m NOK → 10.69m NOK (+47.0%). Net result +4 423 NOK → +74.3k NOK. Equity 204.2k NOK → 278.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABA-SKOL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.28m NOK to 10.69m NOK (+47.0% YoY). Calculated
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↑
Net result improved
Net result +4 423 NOK → +74.3k NOK (net margin 0.1% → 0.7%). Calculated
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↑
Equity strengthened
Book equity 204.2k NOK → 278.5k NOK (equity ratio 10.1% → 3.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 196.9k NOK → 51.0k NOK (-74.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.40× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.31m NOK → 1.70m NOK (18% → 16% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.07m NOK → 8.10m NOK (+59.6% YoY). Calculated