Org.nr 992 294 019 2009 → 2010 Year-over-year analysis

ABC TURBUSSER AS: årsregnskap 2010 vs 2009

Shrank 12% on revenue, cash halved-plus

approved 2011-06-30; registry 2011-08-10; journal 2011 570840

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ABC TURBUSSER AS. Revenue 1.20m NOK → 1.05m NOK (-12.5%). Equity -243.9k NOK → -486.2k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC TURBUSSER AS.

At a glance

Revenue

1.20m NOK 1.05m NOK

-12.5%

Operating result

n/m +177.5k NOK

—

Net result

n/m +242.3k NOK

—

Equity

-243.9k NOK -486.2k NOK

-99.3%

Cash

239.7k NOK 6 390 NOK

-97.3%

Total assets

854.3k NOK 957.7k NOK

+12.1%

↓
Revenue fell

Operating income / revenue moved from 1.20m NOK to 1.05m NOK (-12.5% YoY). Calculated
↓
Equity eroded

Book equity -243.9k NOK → -486.2k NOK (equity ratio -28.6% → -50.8%). Calculated
↓
Cash fell

Bank deposits 239.7k NOK → 6 390 NOK (-97.3% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.17× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
COGS moved

COGS / varekostnad 83.5k NOK → 119.6k NOK (+43.4% YoY). Calculated

·
Thin equity buffer

Equity ratio is -50.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation