ABCDEF AS: årsregnskap 2010 vs 2009
Shrank 20% on revenue, cash halved-plus
approved 2011-06-30; registry 2011-08-27; journal 2011 644854
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABCDEF AS. Revenue 2.02m NOK → 1.61m NOK (-20.4%). Equity 7.17m NOK → -5.27m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABCDEF AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.02m NOK to 1.61m NOK (-20.4% YoY). Calculated
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↓
Equity eroded
Book equity 7.17m NOK → -5.27m NOK (equity ratio 42.2% → -29.3%). Calculated
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↓
Cash fell
Bank deposits 854.4k NOK → 55.4k NOK (-93.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 395.9k NOK → 578.9k NOK (20% → 36% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -29.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 100 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 961.5k NOK → 873.8k NOK. Reported fact