2 SNØMENN AS: årsregnskap 2009 vs 2008
Grew 128722% on revenue
approved 2010-05-14; registry 2010-07-20; journal 2010 524563
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 2 SNØMENN AS. Revenue 4 043 NOK → 5.21m NOK (+128722.4%). Net result +494.7k NOK → +446.4k NOK. Equity 594.7k NOK → 41.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 2 SNØMENN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 043 NOK to 5.21m NOK (+128722.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.56× → 4.07×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +674.1k NOK → +630.4k NOK (op. margin 16673.1% → 12.1%). Calculated
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↓
Net result weakened
Net result +494.7k NOK → +446.4k NOK (net margin 12234.8% → 8.6%). Calculated
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↓
Equity eroded
Book equity 594.7k NOK → 41.1k NOK (equity ratio 39328.8% → 5.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 394 NOK → 1.97m NOK (34% → 38% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 709 NOK → 2.17m NOK (+127071.3% YoY). Calculated