ADMIN AS: årsregnskap 2010 vs 2009
Grew 300% on revenue
approved 2011-06-30; registry 2011-08-23; journal 2011 622697
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADMIN AS. Revenue 50.0k NOK → 200.0k NOK (+300.0%). Equity 576.8k NOK → 411.6k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADMIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 50.0k NOK to 200.0k NOK (+300.0% YoY). Calculated
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↑
Operating result improved
Operating result -75.7k NOK → +111.0k NOK (op. margin -151.4% → 55.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 576.8k NOK → 411.6k NOK (equity ratio 45.9% → 36.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.10× — 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 500.0k NOK → 200.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 10.5k NOK → 717.4k NOK. Reported fact