ACS FINANS AS: årsregnskap 2009 vs 2008
Shrank 88% on revenue
approved 2010-06-22; registry 2010-06-28; journal 2010 460759
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACS FINANS AS. Revenue 702.2k NOK → 84.5k NOK (-88.0%). Equity 115.6k NOK → 20.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACS FINANS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.44m NOK → -25.9k NOK (490% → -31% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 702.2k NOK to 84.5k NOK (-88.0% YoY). Calculated
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↓
Equity eroded
Book equity 115.6k NOK → 20.7k NOK (equity ratio 47.8% → 8.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation