FirmaIQ
Org.nr 990 012 237 2008 → 2009 Year-over-year analysis

10COM AS: årsregnskap 2009 vs 2008

Shrank 28% on revenue, weaker earnings

approved 2010-06-14; registry 2010-07-31; journal 2010 561245

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for 10COM AS. Revenue 5.09m NOK → 3.65m NOK (-28.3%). Net result +649.7k NOK → +232.8k NOK. Equity 633.2k NOK → 147.1k NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 10COM AS.

At a glance

Scorecard

Revenue
5.09m NOK 3.65m NOK
-28.3%
Operating result
+898.3k NOK +330.9k NOK
-63.2%
Net result
+649.7k NOK +232.8k NOK
-64.2%
Equity
633.2k NOK 147.1k NOK
-76.8%
Cash
769.1k NOK 895.0k NOK
+16.4%
Total assets
2.26m NOK 1.47m NOK
-35.2%

What improved

  • ↑

    Cash rose

    Bank deposits 769.1k NOK → 895.0k NOK (+16.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.12m NOK → 1.88m NOK (61% → 51% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.09m NOK to 3.65m NOK (-28.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +898.3k NOK → +330.9k NOK (op. margin 17.6% → 9.1%). Calculated

  • ↓

    Net result weakened

    Net result +649.7k NOK → +232.8k NOK (net margin 12.8% → 6.4%). Calculated

  • ↓

    Equity eroded

    Book equity 633.2k NOK → 147.1k NOK (equity ratio 28.0% → 10.0%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 684.9k NOK → 121.2k NOK (-82.3% YoY). Calculated