ABILITY FM AS: årsregnskap 2009 vs 2008
Grew 12% on revenue
approved 2010-02-17; registry 2010-06-12; journal 2010 422475
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABILITY FM AS. Revenue 56.62m NOK → 63.30m NOK (+11.8%). Equity 2.11m NOK → 1.66m NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABILITY FM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 56.62m NOK to 63.30m NOK (+11.8% YoY). Calculated
-
↑
Cash rose
Bank deposits 13.63m NOK → 15.41m NOK (+13.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 42.17m NOK → 38.97m NOK (74% → 62% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 2.11m NOK → 1.66m NOK (equity ratio 10.0% → 7.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 2.86m NOK → 8.15m NOK (+184.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 162.8k NOK → 781.3k NOK. Reported fact