ABUNDANTIA AS: årsregnskap 2009 vs 2008
Shrank 6% on revenue, weaker earnings, cash halved-plus
approved 2010-12-18; registry 2010-12-23; journal 2010 792381
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABUNDANTIA AS. Revenue 230.7k NOK → 216.5k NOK (-6.2%). Net result -3 572 NOK → -98.4k NOK. Equity 126.2k NOK → 27.8k NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ABUNDANTIA AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 230.7k NOK to 216.5k NOK (-6.2% YoY). Calculated
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↓
Net result weakened
Net result -3 572 NOK → -98.4k NOK (net margin -1.5% → -45.4%). Calculated
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↓
Equity eroded
Book equity 126.2k NOK → 27.8k NOK (equity ratio 49.8% → 8.9%). Calculated
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↓
Cash fell
Bank deposits 171.8k NOK → 34.8k NOK (-79.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 133.6k NOK → 194.0k NOK (58% → 90% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 104.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation