ABILDSØ ELEKTRISKE AS: årsregnskap 2009 vs 2008
Shrank 60% on revenue
approved 2010-05-11; registry 2010-05-18
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABILDSØ ELEKTRISKE AS. Revenue 35.05m NOK → 13.93m NOK (-60.3%). Equity 1.43m NOK → 293.2k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABILDSØ ELEKTRISKE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 35.05m NOK to 13.93m NOK (-60.3% YoY). Calculated
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↓
Operating result weakened
Operating result +842.9k NOK → -1.47m NOK (op. margin 2.4% → -10.5%). Calculated
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↓
Equity eroded
Book equity 1.43m NOK → 293.2k NOK (equity ratio 11.3% → 7.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.10× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 2 008 NOK → 8.22m NOK (0% → 59% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 10 NOK → 106.7k NOK. Reported fact