ABC METALL AS: årsregnskap 2009 vs 2008
Shrank 14% on revenue
approved 2010-04-13; registry 2010-04-27
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABC METALL AS. Revenue 3.30m NOK → 2.85m NOK (-13.8%). Equity 135.6k NOK → 117.0k NOK.
On the constructive side: cash rose; 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 ABC METALL AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 421.2k NOK → 467.1k NOK (+10.9% YoY). Calculated
-
↑
Payroll decreased
Salary cost 2.50m NOK → 1.40m NOK (76% → 49% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.30m NOK to 2.85m NOK (-13.8% YoY). Calculated
-
↓
Equity eroded
Book equity 135.6k NOK → 117.0k NOK (equity ratio 10.0% → 7.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 639.0k NOK → 245.1k NOK (-61.6% YoY). Calculated