4 REAL AS: årsregnskap 2010 vs 2009
Grew 16% on revenue, stronger earnings
approved 2011-06-27; registry 2011-08-27; journal 2011 645092
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 4 REAL AS. Revenue 1.08m NOK → 1.25m NOK (+15.6%). Net result +9 844 NOK → +78.9k NOK. Equity 124.1k NOK → 45.2k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 4 REAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.08m NOK to 1.25m NOK (+15.6% YoY). Calculated
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↑
Net result improved
Net result +9 844 NOK → +78.9k NOK (net margin 0.9% → 6.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +10.9k NOK → -79.1k NOK (op. margin 1.0% → -6.3%). Calculated
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↓
Equity eroded
Book equity 124.1k NOK → 45.2k NOK (equity ratio 30.5% → 12.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.44× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 821.1k NOK → 934.4k NOK (76% → 75% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 62.4k NOK → 149.1k NOK (+138.8% YoY). Calculated