ACCESS EVENT AS: årsregnskap 2010 vs 2009
Shrank 73% on revenue
approved 2011-10-20; registry 2011-10-26; journal 2011 789905
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ACCESS EVENT AS. Revenue 34.05m NOK → 9.20m NOK (-73.0%). Equity 308.7k NOK → 130.1k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACCESS EVENT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -205.9k NOK → +186.7k NOK (op. margin -0.6% → 2.0%). Calculated
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↑
Payroll decreased
Salary cost 5.13m NOK → 3 NOK (15% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 34.05m NOK to 9.20m NOK (-73.0% YoY). Calculated
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↓
Equity eroded
Book equity 308.7k NOK → 130.1k NOK (equity ratio 24.9% → 7.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 33.06m NOK → 7.26m NOK (-78.0% YoY). Calculated