ABA-TECH AS: årsregnskap 2010 vs 2009
Shrank 32% on revenue
approved 2011-09-09; registry 2011-09-13; journal 2011 760524
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABA-TECH AS. Revenue 13.61m NOK → 9.22m NOK (-32.2%). Equity -539.7k NOK → -642.7k NOK.
On the constructive side: cash rose; owners injected capital; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABA-TECH AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 170.8k NOK → 264.8k NOK (+55.1% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 177.8k NOK → 193.6k NOK (+15.8k NOK). Reported fact
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↑
Payroll decreased
Salary cost 3.61m NOK → 3.07m NOK (27% → 33% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.61m NOK to 9.22m NOK (-32.2% YoY). Calculated
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↓
Equity eroded
Book equity -539.7k NOK → -642.7k NOK (equity ratio -7.6% → -11.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 8.03m NOK → 4.62m NOK (-42.5% YoY). Calculated