ABACUS RATIO AS: årsregnskap 2010 vs 2009
Shrank 9% on revenue, slipped into loss
approved 2011-05-30; registry 2011-08-31; journal 2011 667632
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABACUS RATIO AS. Revenue 56.14m NOK → 51.05m NOK (-9.1%). Net result +76.3k NOK → -3.24m NOK. Equity 5.49m NOK → 888.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABACUS RATIO AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 25.28m NOK → 24.44m NOK (45% → 48% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 56.14m NOK to 51.05m NOK (-9.1% YoY). Calculated
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↓
Operating result weakened
Operating result -191.8k NOK → -3.43m NOK (op. margin -0.3% → -6.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 76.3k NOK profit to a loss of 3.24m NOK. Calculated
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↓
Equity eroded
Book equity 5.49m NOK → 888.8k NOK (equity ratio 27.1% → 5.2%). Calculated
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↓
Cash fell
Bank deposits 361.7k NOK → 282.6k NOK (-21.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 5.41m NOK → 2.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 20.25m NOK → 19.58m NOK (-3.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5 463 NOK → 4.46m NOK. Reported fact