ABYSS AS: årsregnskap 2009 vs 2008
Grew 42% on revenue, fresh owner capital
approved 2010-06-15; registry 2010-07-29; journal 2010 558930
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABYSS AS. Revenue 26.88m NOK → 38.30m NOK (+42.5%). Equity 846.4k NOK → 2.73m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABYSS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 26.88m NOK to 38.30m NOK (+42.5% YoY). Calculated
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↑
Operating result improved
Operating result +494.5k NOK → +1.55m NOK (op. margin 1.8% → 4.0%). Calculated
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↑
Equity strengthened
Book equity 846.4k NOK → 2.73m NOK (equity ratio 7.4% → 19.4%). Calculated
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↑
Cash rose
Bank deposits 507.1k NOK → 733.8k NOK (+44.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 600 NOK → 600.0k NOK (+599.4k NOK). Reported fact
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 13.76m NOK → 17.89m NOK (51% → 47% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 745.4k NOK → 874.4k NOK (+17.3% YoY). Calculated