ABILITY AS: årsregnskap 2009 vs 2008
Shrank 22% on revenue, slipped into loss, fresh owner capital
approved 2010-09-13; registry 2010-09-16; journal 2010 758409
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABILITY AS. Revenue 1.99m NOK → 1.56m NOK (-21.7%). Net result +74.2k NOK → -318.3k NOK. Equity 289.8k NOK → -28.5k NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABILITY AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 9 000 NOK → 99.0k NOK (+90.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.99m NOK to 1.56m NOK (-21.7% YoY). Calculated
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↓
Operating result weakened
Operating result +99.1k NOK → -109.9k NOK (op. margin 5.0% → -7.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 74.2k NOK profit to a loss of 318.3k NOK. Calculated
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↓
Equity eroded
Book equity 289.8k NOK → -28.5k NOK (equity ratio 39.4% → -5.6%). Calculated
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↓
Cash fell
Bank deposits 259.1k NOK → 163.3k NOK (-37.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.80m NOK → 1.61m NOK (-10.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 332.8k NOK → 106.2k NOK. Reported fact