ABSOLUTESKILLS AS: årsregnskap 2009 vs 2008
Grew 32% on revenue, returned to profit
approved 2010-06-03; registry 2010-06-23; journal 2010 451955
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABSOLUTESKILLS AS. Revenue 465.0k NOK → 614.3k NOK (+32.1%). Net result -283.4k NOK → +144.4k NOK. Equity 932.4k NOK → 76.8k NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABSOLUTESKILLS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 465.0k NOK to 614.3k NOK (+32.1% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 283.4k NOK to a profit of 144.4k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 932.4k NOK → 76.8k NOK (equity ratio 80.1% → 5.8%). Calculated
-
↓
Cash fell
Bank deposits 956.3k NOK → 819.0k NOK (-14.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1 138 NOK → 256.4k NOK (0% → 42% of revenue). Calculated