ABACUS IT AS: årsregnskap 2009 vs 2008
Grew 134% on revenue, weaker earnings, cash halved-plus
approved 2010-06-30; registry 2010-08-02; journal 2010 563896
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABACUS IT AS. Revenue 6.14m NOK → 14.39m NOK (+134.2%). Net result +75.3k NOK → +47.4k NOK. Equity 315.4k NOK → 362.8k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABACUS IT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.14m NOK to 14.39m NOK (+134.2% YoY). Calculated
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↑
Equity strengthened
Book equity 315.4k NOK → 362.8k NOK (equity ratio 20.1% → 7.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +101.92m NOK → +192.8k NOK (op. margin 1658.8% → 1.3%). Calculated
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↓
Net result weakened
Net result +75.3k NOK → +47.4k NOK (net margin 1.2% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 301.2k NOK → 58.3k NOK (-80.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 911.5k NOK → 830.3k NOK (-8.9% YoY). Calculated