FirmaIQ
Org.nr 983 569 285 2009 → 2010 Year-over-year analysis

2ENTERTAIN NORGE AS: årsregnskap 2010 vs 2009

Shrank 25% on revenue, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for 2ENTERTAIN NORGE AS. Revenue 56.52m NOK → 42.21m NOK (-25.3%). Net result +4.31m NOK → +5.08m NOK. Equity 2.65m NOK → 3.33m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 2ENTERTAIN NORGE AS.

At a glance

Scorecard

Revenue
56.52m NOK 42.21m NOK
-25.3%
Operating result
+5.94m NOK +6.99m NOK
+17.5%
Net result
+4.31m NOK +5.08m NOK
+18.0%
Equity
2.65m NOK 3.33m NOK
+25.8%
Cash
10.97m NOK 4.27m NOK
-61.1%
Total assets
24.90m NOK 32.54m NOK
+30.7%

What improved

  • ↑

    Operating result improved

    Operating result +5.94m NOK → +6.99m NOK (op. margin 10.5% → 16.5%). Calculated

  • ↑

    Net result improved

    Net result +4.31m NOK → +5.08m NOK (net margin 7.6% → 12.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.65m NOK → 3.33m NOK (equity ratio 10.6% → 10.2%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 56.52m NOK to 42.21m NOK (-25.3% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 10.97m NOK → 4.27m NOK (-61.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (10.97m NOK → 4.27m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 30.75m NOK → 15.35m NOK (-50.1% YoY). Calculated