2K TECH AS: årsregnskap 2010 vs 2009
Grew 257% on revenue, slipped into loss
approved 2011-05-31; registry 2011-08-16; journal 2011 590885
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 2K TECH AS. Revenue 203.0k NOK → 725.5k NOK (+257.4%). Net result +25.6k NOK → -167.2k NOK. Equity 257.6k NOK → 90.3k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 2K TECH AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 203.0k NOK to 725.5k NOK (+257.4% YoY). Calculated
-
↑
Payroll decreased
Salary cost 508.2k NOK → 211.9k NOK (250% → 29% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +30.1k NOK → -159.9k NOK (op. margin 14.8% → -22.0%). Calculated
-
↓
Fell into a net loss
Net result flipped from 25.6k NOK profit to a loss of 167.2k NOK. Calculated
-
↓
Equity eroded
Book equity 257.6k NOK → 90.3k NOK (equity ratio 54.8% → 37.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.14× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 517.9k NOK → 532.6k NOK (+2.8% YoY). Calculated