ACS FINANS AS: årsregnskap 2010 vs 2009
Grew 1360% on revenue, stronger earnings
approved 2011-05-30; registry 2011-06-11; journal 2011 400289
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ACS FINANS AS. Revenue 84.5k NOK → 1.23m NOK (+1359.8%). Net result -94.9k NOK → -24.0k NOK. Equity 20.7k NOK → -3 228 NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ACS FINANS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 84.5k NOK to 1.23m NOK (+1359.8% YoY). Calculated
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↑
Net result improved
Net result -94.9k NOK → -24.0k NOK (net margin -112.3% → -1.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 20.7k NOK → -3 228 NOK (equity ratio 8.3% → -1.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.09× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost -25.9k NOK → 2 010 NOK (-31% → 0% of revenue). Calculated