Org.nr 989 127 918 2009 → 2010 Year-over-year analysis

3K HOLDING AS: årsregnskap 2010 vs 2009

Shrank 20% on revenue

approved 2011-05-23; registry 2011-08-20; journal 2011 609559

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for 3K HOLDING AS. Revenue 7.65m NOK → 6.15m NOK (-19.5%). Equity 14.71m NOK → 12.93m NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3K HOLDING AS.

At a glance

Revenue

7.65m NOK 6.15m NOK

-19.5%

Operating result

+5.01m NOK +2.99m NOK

-40.3%

Equity

14.71m NOK 12.93m NOK

-12.1%

Total assets

20.02m NOK 14.61m NOK

-27.0%

↓
Revenue fell

Operating income / revenue moved from 7.65m NOK to 6.15m NOK (-19.5% YoY). Calculated
↓
Operating result weakened

Operating result +5.01m NOK → +2.99m NOK (op. margin 65.6% → 48.7%). Calculated
↓
Equity eroded

Book equity 14.71m NOK → 12.93m NOK (equity ratio 73.5% → 88.5%). Calculated
↓
Payroll up without matching revenue

Salary cost 2.09m NOK → 2.36m NOK (27% → 38% of revenue). Calculated

·
Book investments changed

Investment / intangible book value 3.06m NOK → 2.89m NOK. Reported fact