3P DISTRIBUSJON AS: årsregnskap 2010 vs 2009
Shrank 14% on revenue
approved 2011-06-30; registry 2011-09-13; journal 2011 757627
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 3P DISTRIBUSJON AS. Revenue 696.7k NOK → 599.5k NOK (-14.0%). Equity -236.5k NOK → -357.4k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 3P DISTRIBUSJON AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -615.2k NOK → -86.0k NOK (op. margin -88.3% → -14.3%). Calculated
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↑
Payroll decreased
Salary cost 2.13m NOK → -11.0k NOK (306% → -2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 696.7k NOK to 599.5k NOK (-14.0% YoY). Calculated
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↓
Equity eroded
Book equity -236.5k NOK → -357.4k NOK (equity ratio -22.2% → -86.1%). Calculated
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↓
Cash fell
Bank deposits 12.4k NOK → 10.2k NOK (-17.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -86.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 827.3k NOK → 494.2k NOK (-40.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 200 NOK → 200.2k NOK. Reported fact