ABEL DIGITAL SECURITY AS: årsregnskap 2010 vs 2009
Grew 193% on revenue, slipped into loss, fresh owner capital
approved 2011-06-23; registry 2011-07-07; journal 2011 477861
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABEL DIGITAL SECURITY AS. Revenue 546.9k NOK → 1.60m NOK (+192.7%). Net result +113.9k NOK → -1.20m NOK. Equity 4.20m NOK → 158.6k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABEL DIGITAL SECURITY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 546.9k NOK to 1.60m NOK (+192.7% YoY). Calculated
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↑
Cash rose
Bank deposits 62.3k NOK → 587.3k NOK (+842.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 26.78×. Calculated
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↑
Owners injected capital
Paid-in equity rose 121.8k NOK → 286.1k NOK (+164.3k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +120.1k NOK → -1.23m NOK (op. margin 22.0% → -76.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 113.9k NOK profit to a loss of 1.20m NOK. Calculated
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↓
Equity eroded
Book equity 4.20m NOK → 158.6k NOK (equity ratio 376539.0% → 77.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 5 NOK → 913.9k NOK (0% → 57% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 279.5k NOK → 981.1k NOK (+251.1% YoY). Calculated