ACCESS 24/7 AS: årsregnskap 2009 vs 2008
Grew 2091% on revenue, stronger earnings, cash halved-plus
approved 2010-06-14; registry 2010-09-04; journal 2010 707826
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACCESS 24/7 AS. Revenue 28.5k NOK → 624.5k NOK (+2091.3%). Net result +908 NOK → +33.0k NOK. Equity 99.97m NOK → 133.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ACCESS 24/7 AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 28.5k NOK to 624.5k NOK (+2091.3% YoY). Calculated
-
↑
Operating result improved
Operating result +1 178 NOK → +45.4k NOK (op. margin 4.1% → 7.3%). Calculated
-
↑
Net result improved
Net result +908 NOK → +33.0k NOK (net margin 3.2% → 5.3%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.01× → 1.26×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 99.97m NOK → 133.0k NOK (equity ratio 85.3% → 24.0%). Calculated
-
↓
Cash fell
Bank deposits 116.52m NOK → 11.6k NOK (-100.0% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (116.52m NOK → 11.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 100.88m NOK → 100.9k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 27.88m NOK → 79.8k NOK (-99.7% YoY). Calculated