ABILITY AS: årsregnskap 2010 vs 2009
Shrank 6% on revenue, stronger earnings
approved 2011-08-24; registry 2011-09-10; journal 2011 743471
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABILITY AS. Revenue 1.56m NOK → 1.47m NOK (-5.7%). Net result -318.3k NOK → -13.7k NOK. Equity -28.5k NOK → -42.2k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
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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Operating result improved
Operating result -109.9k NOK → +10.6k NOK (op. margin -7.0% → 0.7%). Calculated
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Net result improved
Net result -318.3k NOK → -13.7k NOK (net margin -20.4% → -0.9%). Calculated
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Cash rose
Bank deposits 163.3k NOK → 226.9k NOK (+38.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.56m NOK to 1.47m NOK (-5.7% YoY). Calculated
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↓
Equity eroded
Book equity -28.5k NOK → -42.2k NOK (equity ratio -5.6% → -10.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.92× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -10.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.61m NOK → 1.33m NOK (-17.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 106.2k NOK → 284.5k NOK. Reported fact