ABACOM AS: årsregnskap 2009 vs 2008
Shrank 39% on revenue
approved 2010-08-31; registry 2010-11-16; journal 2010 787040
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABACOM AS. Revenue 4.12m NOK → 2.53m NOK (-38.6%). Equity 430.8k NOK → -94.9k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABACOM AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.12m NOK to 2.53m NOK (-38.6% YoY). Calculated
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↓
Equity eroded
Book equity 430.8k NOK → -94.9k NOK (equity ratio 17.0% → -6.0%). Calculated
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↓
Cash fell
Bank deposits 139.2k NOK → 126.1k NOK (-9.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 36.0k NOK → 2.73m NOK (1% → 108% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.66m NOK → 961.8k NOK (-63.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 99.8k NOK → 103.0k NOK. Reported fact