Org.nr 983 765 378 2008 → 2009 Year-over-year analysis

AICON AS: årsregnskap 2009 vs 2008

Shrank 22% on revenue, cash halved-plus

approved 2010-09-01; registry 2010-09-23; journal 2010 764086

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AICON AS. Revenue 370.5k NOK → 289.8k NOK (-21.8%). Equity -456.9k NOK → -723.9k NOK.

On the constructive side: payroll decreased. 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 AICON AS.

At a glance

Revenue

370.5k NOK 289.8k NOK

-21.8%

Operating result

n/m +182.6k NOK

—

Net result

n/m +6 NOK

—

Equity

-456.9k NOK -723.9k NOK

-58.4%

Cash

67.4k NOK 26.1k NOK

-61.2%

Total assets

590.0k NOK 26.1k NOK

-95.6%

↑
Payroll decreased

Salary cost 344.1k NOK → -433 NOK (93% → -0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 370.5k NOK to 289.8k NOK (-21.8% YoY). Calculated
↓
Equity eroded

Book equity -456.9k NOK → -723.9k NOK (equity ratio -77.4% → -2770.7%). Calculated
↓
Cash fell

Bank deposits 67.4k NOK → 26.1k NOK (-61.2% YoY). Calculated

·
Thin equity buffer

Equity ratio is -2770.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 143.0k NOK → 364 NOK (-99.7% YoY). Calculated