ABT INVEST AS: årsregnskap 2010 vs 2009
Shrank 97% on revenue, weaker earnings
approved 2011-08-29; registry 2011-09-19; journal 2011 766743
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABT INVEST AS. Revenue 20.82m NOK → 651.9k NOK (-96.9%). Net result +453.3k NOK → 0 NOK. Equity 3.50m NOK → 2.87m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABT INVEST AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 7.12m NOK → 516 NOK (34% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 20.82m NOK to 651.9k NOK (-96.9% YoY). Calculated
-
↓
Net result weakened
Net result +453.3k NOK → 0 NOK (net margin 2.2% → 0.0%). Calculated
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↓
Equity eroded
Book equity 3.50m NOK → 2.87m NOK (equity ratio 37.0% → 86.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.68× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 11.28m NOK → 604.6k NOK (-94.6% YoY). Calculated