ACCESS ADVENTURES AS: årsregnskap 2010 vs 2009
Shrank 65% on revenue, slipped into loss
approved 2012-01-26; registry 2012-01-31; journal 2012 302271
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ACCESS ADVENTURES AS. Revenue 7.31m NOK → 2.56m NOK (-65.0%). Net result +1.66m NOK → -353.6k NOK. Equity 465.6k NOK → 3.17m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCESS ADVENTURES AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 465.6k NOK → 3.17m NOK (equity ratio 11.9% → 53.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.31m NOK to 2.56m NOK (-65.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +2.57m NOK → +257.6k NOK (op. margin 35.1% → 10.1%). Calculated
-
↓
Fell into a net loss
Net result flipped from 1.66m NOK profit to a loss of 353.6k NOK. Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 5.54m NOK → 5.65m NOK (76% → 221% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 673.5k NOK → 50 NOK (-100.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1.64m NOK → 2.13m NOK. Reported fact