ACTIVITY CONSULT FOLDVIK & ANDERSEN AS: årsregnskap 2009 vs 2008
Shrank 81% on revenue, slipped into loss, cash halved-plus
approved 2010-08-24; registry 2010-09-04; journal 2010 701630
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACTIVITY CONSULT FOLDVIK & ANDERSEN AS. Revenue 1.01m NOK → 195.8k NOK (-80.6%). Net result +98.8k NOK → -522.0k NOK. Equity 235.9k NOK → -286.1k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIVITY CONSULT FOLDVIK & ANDERSEN AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.87× → 3.63×. Calculated
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↑
Payroll decreased
Salary cost 375.9k NOK → 21.3k NOK (37% → 11% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.01m NOK to 195.8k NOK (-80.6% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 98.8k NOK profit to a loss of 522.0k NOK. Calculated
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↓
Equity eroded
Book equity 235.9k NOK → -286.1k NOK (equity ratio 39.2% → -171.2%). Calculated
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↓
Cash fell
Bank deposits 111.5k NOK → 9 791 NOK (-91.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -171.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation