2CARE HJEMMETJENESTER AS: årsregnskap 2010 vs 2009
Grew 30% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 2CARE HJEMMETJENESTER AS. Revenue 6.99m NOK → 9.09m NOK (+30.0%). Net result +281.2k NOK → -44.4k NOK. Equity 747.9k NOK → 703.5k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 2CARE HJEMMETJENESTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.99m NOK to 9.09m NOK (+30.0% YoY). Calculated
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↑
Cash rose
Bank deposits 815.7k NOK → 890.8k NOK (+9.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +401.3k NOK → -41.9k NOK (op. margin 5.7% → -0.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 281.2k NOK profit to a loss of 44.4k NOK. Calculated
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↓
Equity eroded
Book equity 747.9k NOK → 703.5k NOK (equity ratio 38.0% → 32.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.40× → 0.52× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 4.36m NOK → 6.45m NOK (62% → 71% of revenue). Calculated
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COGS moved
COGS / varekostnad 843.3k NOK → 907.1k NOK (+7.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 295.2k NOK → 19.0k NOK. Reported fact