ACUFRIEND AS: årsregnskap 2009 vs 2008
Grew 237% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACUFRIEND AS. Revenue 210.5k NOK → 709.5k NOK (+237.0%). Net result -986.7k NOK → -1.03m NOK. Equity 1.61m NOK → 575.3k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACUFRIEND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 210.5k NOK to 709.5k NOK (+237.0% YoY). Calculated
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↑
Operating result improved
Operating result -976.2k NOK → -813.5k NOK (op. margin -463.7% → -114.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.61m NOK → 575.3k NOK (equity ratio 34.2% → 14.5%). Calculated
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↓
Cash fell
Bank deposits 714.4k NOK → 40.8k NOK (-94.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 22.64× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 1.61m NOK → 701.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost -476.3k NOK → -95.9k NOK (-226% → -14% of revenue). Calculated
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·
COGS moved
COGS / varekostnad -36.2k NOK → 118.0k NOK (+426.2% YoY). Calculated