3-BYGG AS: årsregnskap 2010 vs 2009
Shrank 51% on revenue, stronger earnings, cash halved-plus
approved 2011-03-15; registry 2011-08-25; journal 2011 632155
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 3-BYGG AS. Revenue 23.12m NOK → 11.28m NOK (-51.2%). Net result +3 464 NOK → +1.06m NOK. Equity 4.78m NOK → 4.21m NOK.
On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 3-BYGG AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +5 525 NOK → +2.03m NOK (op. margin 0.0% → 18.0%). Calculated
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Net result improved
Net result +3 464 NOK → +1.06m NOK (net margin 0.0% → 9.4%). Calculated
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Owners injected capital
Paid-in equity rose 504 NOK → 263.5k NOK (+263.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 23.12m NOK to 11.28m NOK (-51.2% YoY). Calculated
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Equity eroded
Book equity 4.78m NOK → 4.21m NOK (equity ratio 8.5% → 30.5%). Calculated
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Cash fell
Bank deposits 10.11m NOK → 1.65m NOK (-83.7% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2 759 NOK → 314.0k NOK (0% → 3% of revenue). Calculated
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COGS moved
COGS / varekostnad 15.9k NOK → 7.93m NOK (+49915.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (10.11m NOK → 1.65m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 176 NOK → 418.1k NOK. Reported fact