3RIV AS: årsregnskap 2010 vs 2009
Grew 155% on revenue, weaker earnings
approved 2011-10-14; registry 2011-10-19; journal 2011 787060
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 3RIV AS. Revenue 108.5k NOK → 277.0k NOK (+155.2%). Net result +24.8k NOK → +919 NOK. Equity 672.4k NOK → 1.55m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for 3RIV AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 108.5k NOK to 277.0k NOK (+155.2% YoY). Calculated
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↑
Operating result improved
Operating result +131.6k NOK → +163.1k NOK (op. margin 121.3% → 58.9%). Calculated
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↑
Equity strengthened
Book equity 672.4k NOK → 1.55m NOK (equity ratio 386.8% → 49.8%). Calculated
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↑
Cash rose
Bank deposits 27.4k NOK → 129.3k NOK (+372.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.79× → 1.04×. Calculated
What deteriorated
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↓
Net result weakened
Net result +24.8k NOK → +919 NOK (net margin 22.8% → 0.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 9 168 NOK → 168.7k NOK (8% → 61% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 38.6k NOK → 1 NOK. Reported fact