Org.nr 979 323 794 2008 → 2009 Year-over-year analysis

ADVANCE BUSINESS PARTNER AS: årsregnskap 2009 vs 2008

Grew 51% on revenue, fresh owner capital

approved 2010-03-18; registry 2010-05-27

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ADVANCE BUSINESS PARTNER AS. Revenue 9.09m NOK → 13.76m NOK (+51.4%). Equity 485.7k NOK → 577 NOK.

On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCE BUSINESS PARTNER AS.

At a glance

Revenue

9.09m NOK 13.76m NOK

+51.4%

Net result

n/m +17.5k NOK

—

Equity

485.7k NOK 577 NOK

-99.9%

Cash

586.1k NOK 474.2k NOK

-19.1%

Total assets

4.18m NOK 3.66m NOK

-12.6%

↑
Revenue rose

Operating income / revenue moved from 9.09m NOK to 13.76m NOK (+51.4% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 173.3k NOK → 247.1k NOK (+73.8k NOK). Reported fact

↓
Equity eroded

Book equity 485.7k NOK → 577 NOK (equity ratio 11.6% → 0.0%). Calculated
↓
Cash fell

Bank deposits 586.1k NOK → 474.2k NOK (-19.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation