ABC TOOLS AS: årsregnskap 2010 vs 2009
Grew 21012% on revenue, cash halved-plus, fresh owner capital
approved 2011-09-20; registry 2011-11-12; journal 2011 794945
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABC TOOLS AS. Revenue 7 526 NOK → 1.59m NOK (+21011.9%). Equity 273.5k NOK → -456.7k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC TOOLS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7 526 NOK to 1.59m NOK (+21011.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 333 NOK → 333.0k NOK (+332.7k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 273.5k NOK → -456.7k NOK (equity ratio 98.4% → -47.4%). Calculated
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↓
Cash fell
Bank deposits 185.2k NOK → 49.9k NOK (-73.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 61.78× → 0.64× — 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 -47.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 268 NOK → 7 859 NOK (4% → 0% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 750 NOK → 985.9k NOK (+56234.8% YoY). Calculated