3 STEP IT AS: årsregnskap 2010 vs 2009
Grew 31% on revenue, cash halved-plus
approved 2011-03-15; registry 2011-04-06; journal 2011 328388
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 3 STEP IT AS. Revenue 42.11m NOK → 55.15m NOK (+31.0%). Equity 124.22m NOK → 17.53m NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for 3 STEP IT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 42.11m NOK to 55.15m NOK (+31.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 124.22m NOK → 17.53m NOK (equity ratio 52.8% → 24.8%). Calculated
-
↓
Cash fell
Bank deposits 107.37m NOK → 34.46m NOK (-67.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (107.37m NOK → 34.46m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 80.25m NOK → 13.56m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 18.50m NOK → 26.28m NOK (+42.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 60.78m NOK → 572.5k NOK. Reported fact