ACUS AS: årsregnskap 2009 vs 2008
Shrank 22% on revenue, cash halved-plus, fresh owner capital
approved 2010-06-30; registry 2010-08-30; journal 2010 657235
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACUS AS. Revenue 2.16m NOK → 1.68m NOK (-22.1%). Equity 992.6k NOK → -1.10m NOK.
On the constructive side: current ratio back above 1×; owners injected capital; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACUS AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.76× → 6.88×. Calculated
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↑
Owners injected capital
Paid-in equity rose 900 NOK → 100.0k NOK (+99.1k NOK). Reported fact
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↑
Payroll decreased
Salary cost 472.3k NOK → 357.8k NOK (22% → 21% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.16m NOK to 1.68m NOK (-22.1% YoY). Calculated
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↓
Equity eroded
Book equity 992.6k NOK → -1.10m NOK (equity ratio 22.3% → -22.2%). Calculated
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↓
Cash fell
Bank deposits 827.4k NOK → 153.5k NOK (-81.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -22.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation