ABINTUS AS: årsregnskap 2010 vs 2009
Shrank 26% on revenue, stronger earnings
approved 2011-05-15; registry 2011-06-16; journal 2011 415710
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABINTUS AS. Revenue 781.0k NOK → 576.7k NOK (-26.2%). Net result +39.6k NOK → +75.6k NOK. Equity 38.9k NOK → -36.7k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABINTUS AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +39.6k NOK → +75.6k NOK (net margin 5.1% → 13.1%). Calculated
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Cash rose
Bank deposits 113.0k NOK → 201.1k NOK (+78.0% YoY). Calculated
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Payroll decreased
Salary cost 562.8k NOK → 175.6k NOK (72% → 30% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 781.0k NOK to 576.7k NOK (-26.2% YoY). Calculated
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↓
Operating result weakened
Operating result +56.1k NOK → -75.9k NOK (op. margin 7.2% → -13.2%). Calculated
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↓
Equity eroded
Book equity 38.9k NOK → -36.7k NOK (equity ratio 13.2% → -15.6%). Calculated
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Current ratio dropped below 1×
Current ratio 1.12× → 0.85× — 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 -15.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation