Org.nr 984 619 200 2008 → 2009 Year-over-year analysis

ACCELERATOR AS: årsregnskap 2009 vs 2008

Another loss-making year

approved 2010-06-15; registry 2010-09-02; journal 2010 682408

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ACCELERATOR AS. Revenue 26.09m NOK → 26.66m NOK (+2.2%). Equity -884.9k NOK → -1.67m NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACCELERATOR AS.

At a glance

Revenue

26.09m NOK 26.66m NOK

+2.2%

Operating result

n/m -885.5k NOK

—

Net result

n/m -789.9k NOK

—

Equity

-884.9k NOK -1.67m NOK

-89.3%

Total assets

6.03m NOK 4.60m NOK

-23.7%

↑
Revenue rose

Operating income / revenue moved from 26.09m NOK to 26.66m NOK (+2.2% YoY). Calculated
↑
Payroll decreased

Salary cost 7.85m NOK → 5.68m NOK (30% → 21% of revenue). Calculated

↓
Equity eroded

Book equity -884.9k NOK → -1.67m NOK (equity ratio -14.7% → -36.4%). Calculated

·
Thin equity buffer

Equity ratio is -36.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS moved

COGS / varekostnad 13.45m NOK → 16.61m NOK (+23.5% YoY). Calculated