3-T BYGG AS: årsregnskap 2010 vs 2009
Shrank 21% on revenue
approved 2011-09-08; registry 2011-09-17; journal 2011 764693
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 3-T BYGG AS. Revenue 11.82m NOK → 9.31m NOK (-21.3%). Equity 797.1k NOK → 202.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3-T BYGG AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.67m NOK → 3.61m NOK (31% → 39% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.82m NOK to 9.31m NOK (-21.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +567.1k NOK → -592.2k NOK (op. margin 4.8% → -6.4%). Calculated
-
↓
Equity eroded
Book equity 797.1k NOK → 202.7k NOK (equity ratio 21.9% → 9.7%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 6.16m NOK → 5.19m NOK (-15.7% YoY). Calculated