ABILITY KOMPETANSE AS: årsregnskap 2010 vs 2009
Grew 59% on revenue
approved 2011-09-22; registry 2011-09-29; journal 2011 775640
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABILITY KOMPETANSE AS. Revenue 99.0k NOK → 157.8k NOK (+59.4%). Net result -79.0k NOK → -83.0k NOK. Equity 11.7k NOK → -71.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABILITY KOMPETANSE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 99.0k NOK to 157.8k NOK (+59.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -78.3k NOK → -80.8k NOK (op. margin -79.0% → -51.2%). Calculated
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↓
Net result weakened
Net result -79.0k NOK → -83.0k NOK (net margin -79.8% → -52.6%). Calculated
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↓
Equity eroded
Book equity 11.7k NOK → -71.3k NOK (equity ratio 13.7% → -287.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.26× — 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 -287.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 14.9k NOK → 2.12m NOK (15% → 1341% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 29.4k NOK → 39.5k NOK (+34.2% YoY). Calculated