ACON PROSJEKTER AS: årsregnskap 2009 vs 2008
Shrank 61% on revenue, returned to profit, fresh owner capital
approved 2010-06-30; registry 2010-09-23; journal 2010 764140
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACON PROSJEKTER AS. Revenue 1.86m NOK → 727.6k NOK (-60.9%). Net result -558.0k NOK → +240.3k NOK. Equity -133.0k NOK → 107.4k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACON PROSJEKTER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -557.0k NOK → +246.3k NOK (op. margin -30.0% → 33.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 558.0k NOK to a profit of 240.3k NOK. Calculated
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↑
Equity strengthened
Book equity -133.0k NOK → 107.4k NOK (equity ratio -57.6% → 30.1%). Calculated
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↑
Cash rose
Bank deposits 10.8k NOK → 145.9k NOK (+1248.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.33× → 1.05×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.86m NOK to 727.6k NOK (-60.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 557 NOK → 665.1k NOK (0% → 91% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 258.5k NOK → 17.1k NOK (-93.4% YoY). Calculated