Org.nr 983 569 285 2008 → 2009 Year-over-year analysis

2ENTERTAIN NORGE AS: årsregnskap 2009 vs 2008

Grew 40% on revenue

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for 2ENTERTAIN NORGE AS. Revenue 40.39m NOK → 56.52m NOK (+39.9%). Equity 4.24m NOK → 2.65m NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for 2ENTERTAIN NORGE AS.

At a glance

Revenue

40.39m NOK 56.52m NOK

+39.9%

Operating result

+7.26m NOK +5.94m NOK

-18.1%

Net result

n/m +4.31m NOK

—

Equity

4.24m NOK 2.65m NOK

-37.6%

Cash

5.68m NOK 10.97m NOK

+93.1%

Total assets

21.66m NOK 24.90m NOK

+15.0%

↑
Revenue rose

Operating income / revenue moved from 40.39m NOK to 56.52m NOK (+39.9% YoY). Calculated
↑
Cash rose

Bank deposits 5.68m NOK → 10.97m NOK (+93.1% YoY). Calculated
↑
Payroll decreased

Salary cost 18.04m NOK → 3 NOK (45% → 0% of revenue). Calculated

↓
Operating result weakened

Operating result +7.26m NOK → +5.94m NOK (op. margin 18.0% → 10.5%). Calculated
↓
Equity eroded

Book equity 4.24m NOK → 2.65m NOK (equity ratio 19.6% → 10.6%). Calculated

·
COGS moved

COGS / varekostnad 13.39m NOK → 30.75m NOK (+129.6% YoY). Calculated