ABC MATTESERVICE AS: årsregnskap 2009 vs 2008
Grew 245% on revenue, cash halved-plus
approved 2010-05-25; registry 2010-09-09; journal 2010 731422
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABC MATTESERVICE AS. Revenue 48.0k NOK → 165.6k NOK (+245.2%). Equity 93.8k NOK → -46.0k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC MATTESERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 48.0k NOK to 165.6k NOK (+245.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 93.8k NOK → -46.0k NOK (equity ratio 94.9% → -3.8%). Calculated
-
↓
Cash fell
Bank deposits 73.8k NOK → 1 276 NOK (-98.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 19.76× → 0.89× — 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 -3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation