ABLEMAGIC AS: årsregnskap 2010 vs 2009
Slipped into loss
approved 2011-07-08; registry 2011-09-06; journal 2011 712669
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABLEMAGIC AS. Revenue 400.0k NOK → 391.4k NOK (-2.2%). Net result +98.4k NOK → -192.3k NOK. Equity 222.2k NOK → 29.8k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ABLEMAGIC AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 400.0k NOK to 391.4k NOK (-2.2% YoY). Calculated
-
↓
Operating result weakened
Operating result -108.0k NOK → -289.0k NOK (op. margin -27.0% → -73.9%). Calculated
-
↓
Fell into a net loss
Net result flipped from 98.4k NOK profit to a loss of 192.3k NOK. Calculated
-
↓
Equity eroded
Book equity 222.2k NOK → 29.8k NOK (equity ratio 57.9% → 15.5%). Calculated
-
↓
Cash fell
Bank deposits 192.7k NOK → 159.3k NOK (-17.3% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 106.2k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation