ABSALONSEN TRANSPORT AS: årsregnskap 2009 vs 2008
Shrank 28% on revenue
approved 2010-06-26; registry 2010-07-21; journal 2010 533661
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABSALONSEN TRANSPORT AS. Revenue 1.89m NOK → 1.36m NOK (-28.0%). Equity -33.3k NOK → -86.6k NOK.
On the constructive side: 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 ABSALONSEN TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.33m NOK → 539.8k NOK (177% → 40% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.89m NOK to 1.36m NOK (-28.0% YoY). Calculated
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↓
Operating result weakened
Operating result +323.1k NOK → +64.9k NOK (op. margin 17.1% → 4.8%). Calculated
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↓
Equity eroded
Book equity -33.3k NOK → -86.6k NOK (equity ratio -2.3% → -6.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation