FirmaIQ
Org.nr 966 093 994 2008 → 2009 Year-over-year analysis

ABSOLUTE BAR AS: årsregnskap 2009 vs 2008

Grew 90% on revenue, stronger earnings

approved 2010-09-29; registry 2010-10-05; journal 2010 772769

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ABSOLUTE BAR AS. Revenue 70.9k NOK → 134.9k NOK (+90.3%). Net result -229.0k NOK → -53.0k NOK. Equity -804.0k NOK → -829.8k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.

At a glance

Scorecard

Revenue
70.9k NOK 134.9k NOK
+90.3%
Operating result
-165.7k NOK -22.0k NOK
+86.7%
Net result
-229.0k NOK -53.0k NOK
+76.8%
Equity
-804.0k NOK -829.8k NOK
-3.2%
Cash
n/m 0 NOK
—
Total assets
256.5k NOK 126.7k NOK
-50.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 70.9k NOK to 134.9k NOK (+90.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -165.7k NOK → -22.0k NOK (op. margin -233.6% → -16.3%). Calculated

  • ↑

    Net result improved

    Net result -229.0k NOK → -53.0k NOK (net margin -322.9% → -39.3%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -804.0k NOK → -829.8k NOK (equity ratio -313.5% → -654.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -654.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation