AIC HOLDING AS: årsregnskap 2009 vs 2008
Shrank 98% on revenue, slipped into loss, cash halved-plus
approved 2010-09-24; registry 2010-10-02; journal 2010 771280
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AIC HOLDING AS. Revenue 1.29m NOK → 20.3k NOK (-98.4%). Net result +6.63m NOK → -5.43m NOK. Equity 8.37m NOK → 2.94m NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIC HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.29m NOK to 20.3k NOK (-98.4% YoY). Calculated
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Fell into a net loss
Net result flipped from 6.63m NOK profit to a loss of 5.43m NOK. Calculated
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Equity eroded
Book equity 8.37m NOK → 2.94m NOK (equity ratio 86.3% → 49.7%). Calculated
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Cash fell
Bank deposits 287.6k NOK → 10.1k NOK (-96.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.15× → 0.33× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 216.9k NOK → 138.1k NOK (-36.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 4.69m NOK → 4.66m NOK. Reported fact