ACUFRIEND AS: årsregnskap 2010 vs 2009
Shrank 32% on revenue
approved 2011-05-05; registry 2011-05-16; journal 2011 362258
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ACUFRIEND AS. Revenue 709.5k NOK → 483.4k NOK (-31.9%). Equity 575.3k NOK → -370.4k NOK.
On the constructive side: operating result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACUFRIEND AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -813.5k NOK → +334 NOK (op. margin -114.7% → 0.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.63× → 2.67×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 709.5k NOK to 483.4k NOK (-31.9% YoY). Calculated
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↓
Equity eroded
Book equity 575.3k NOK → -370.4k NOK (equity ratio 14.5% → -10.3%). Calculated
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↓
Cash fell
Bank deposits 40.8k NOK → 32.5k NOK (-20.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost -95.9k NOK → 1.25m NOK (-14% → 258% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -10.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 118.0k NOK → 23.0k NOK (-80.5% YoY). Calculated