ACCELERATE BRANDS AS: årsregnskap 2009 vs 2008
Grew 5513% on revenue, stronger earnings
approved 2010-06-30; registry 2010-07-20; journal 2010 531297
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACCELERATE BRANDS AS. Revenue 257.4k NOK → 14.45m NOK (+5512.5%). Net result +160.4k NOK → +408.4k NOK. Equity 291.4k NOK → 699.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACCELERATE BRANDS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 257.4k NOK to 14.45m NOK (+5512.5% YoY). Calculated
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Operating result improved
Operating result +206.4k NOK → +478.9k NOK (op. margin 80.2% → 3.3%). Calculated
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Net result improved
Net result +160.4k NOK → +408.4k NOK (net margin 62.3% → 2.8%). Calculated
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Equity strengthened
Book equity 291.4k NOK → 699.9k NOK (equity ratio 3565.4% → 9.4%). Calculated
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Cash rose
Bank deposits 454.8k NOK → 630.1k NOK (+38.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 393.6k NOK → 12.92m NOK (+3183.7% YoY). Calculated