ABENE AS: årsregnskap 2009 vs 2008
Grew 420% on revenue
approved 2010-05-10; registry 2010-06-26; journal 2010 459453
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABENE AS. Revenue 848.1k NOK → 4.41m NOK (+420.1%). Equity 503.5k NOK → 41.7k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABENE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 848.1k NOK to 4.41m NOK (+420.1% YoY). Calculated
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↑
Operating result improved
Operating result +1.22m NOK → +1.43m NOK (op. margin 144.0% → 32.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.62× → 1.45×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 503.5k NOK → 41.7k NOK (equity ratio 63.6% → 1.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.41m NOK → 2.66m NOK (284% → 60% of revenue). Calculated