2020PARK AS: årsregnskap 2010 vs 2009
Shrank 8% on revenue, weaker earnings, cash halved-plus
approved 2011-06-17; registry 2011-08-11; journal 2011 573500
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 2020PARK AS. Revenue 25.83m NOK → 23.68m NOK (-8.3%). Net result +26.07m NOK → +3.89m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 2020PARK AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 25.83m NOK to 23.68m NOK (-8.3% YoY). Calculated
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↓
Operating result weakened
Operating result +10.00m NOK → +7.59m NOK (op. margin 38.7% → 32.1%). Calculated
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↓
Net result weakened
Net result +26.07m NOK → +3.89m NOK (net margin 100.9% → 16.4%). Calculated
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Cash fell
Bank deposits 16.62m NOK → 4.62m NOK (-72.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.32× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (16.62m NOK → 4.62m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 310 NOK → 19.01m NOK. Reported fact