2T RÅD AS: årsregnskap 2010 vs 2009
Grew 66% on revenue
approved 2011-06-23; registry 2011-06-28; journal 2011 446611
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 2T RÅD AS. Revenue 485.0k NOK → 803.1k NOK (+65.6%). Equity 846.1k NOK → 62.9k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for 2T RÅD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 485.0k NOK to 803.1k NOK (+65.6% YoY). Calculated
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↑
Operating result improved
Operating result +151.1k NOK → +340.0k NOK (op. margin 31.2% → 42.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 846.1k NOK → 62.9k NOK (equity ratio 56.6% → 4.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 009 NOK → 1.20m NOK (0% → 149% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 26.1k NOK → 5 300 NOK. Reported fact