ABC THAI AS: årsregnskap 2010 vs 2009
Shrank 13% on revenue
approved 2011-04-30; registry 2011-06-25; journal 2011 435204
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABC THAI AS. Revenue 1.07m NOK → 934.5k NOK (-12.6%). Net result -112.1k NOK → -100.3k NOK. Equity -95.1k NOK → -195.4k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC THAI AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -112.2k NOK → -100.3k NOK (op. margin -10.5% → -10.7%). Calculated
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↑
Net result improved
Net result -112.1k NOK → -100.3k NOK (net margin -10.5% → -10.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.07m NOK to 934.5k NOK (-12.6% YoY). Calculated
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↓
Equity eroded
Book equity -95.1k NOK → -195.4k NOK (equity ratio -37.4% → -121.4%). Calculated
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↓
Cash fell
Bank deposits 84.0k NOK → 44.4k NOK (-47.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 009 NOK → 500.2k NOK (0% → 54% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -121.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 363.8k NOK → 267.7k NOK (-26.4% YoY). Calculated