ABEL DIGITAL SECURITY AS: årsregnskap 2009 vs 2008
Shrank 7% on revenue, cash halved-plus
approved 2010-06-04; registry 2010-06-15; journal 2010 423459
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABEL DIGITAL SECURITY AS. Revenue 585.3k NOK → 546.9k NOK (-6.6%). Equity 84.6k NOK → 4.20m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 84.6k NOK → 4.20m NOK (equity ratio 11.3% → 376539.0%). Calculated
-
↑
Payroll decreased
Salary cost 6.62m NOK → 5 NOK (1131% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 585.3k NOK to 546.9k NOK (-6.6% YoY). Calculated
-
↓
Cash fell
Bank deposits 304.9k NOK → 62.3k NOK (-79.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1487.41× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 242.9k NOK → 279.5k NOK (+15.1% YoY). Calculated