ABSOR AS: årsregnskap 2010 vs 2009
Shrank 32% on revenue
approved 2011-06-06; registry 2011-08-09; journal 2011 566086
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABSOR AS. Revenue 2.14m NOK → 1.46m NOK (-31.8%). Equity -10.7k NOK → -174.4k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABSOR AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.14m NOK to 1.46m NOK (-31.8% YoY). Calculated
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↓
Operating result weakened
Operating result +614.5k NOK → -126.5k NOK (op. margin 28.7% → -8.7%). Calculated
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↓
Equity eroded
Book equity -10.7k NOK → -174.4k NOK (equity ratio -2.1% → -25.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 329.7k NOK → 505.9k NOK (15% → 35% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -25.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 662.1k NOK → 545.5k NOK (-17.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 23.8k NOK → 18.1k NOK. Reported fact