ACNE NORWAY AS: årsregnskap 2009 vs 2008
Grew 32% on revenue, stronger earnings
approved 2010-02-28; registry 2010-09-14; journal 2010 755562
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACNE NORWAY AS. Revenue 11.68m NOK → 15.42m NOK (+32.0%). Net result +1 939 NOK → +42.4k NOK. Equity 10.29m NOK → 329.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ACNE NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.68m NOK to 15.42m NOK (+32.0% YoY). Calculated
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↑
Operating result improved
Operating result +69.2k NOK → +154.2k NOK (op. margin 0.6% → 1.0%). Calculated
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↑
Net result improved
Net result +1 939 NOK → +42.4k NOK (net margin 0.0% → 0.3%). Calculated
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↑
Cash rose
Bank deposits 550.4k NOK → 621.5k NOK (+12.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.29m NOK → 329.8k NOK (equity ratio 162.7% → 4.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 5.20m NOK → 7.41m NOK (+42.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 444.0k NOK → 425.0k NOK. Reported fact