Org.nr 984 036 736 2009 → 2010 Year-over-year analysis

4HUMAN TQM AS: årsregnskap 2010 vs 2009

Grew 8% on revenue

approved 2011-02-22; registry 2011-02-28; journal 2011 307250

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for 4HUMAN TQM AS. Revenue 5.76m NOK → 6.24m NOK (+8.3%). Equity 1 179 NOK → 1.65m NOK.

On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 4HUMAN TQM AS.

At a glance

Revenue

5.76m NOK 6.24m NOK

+8.3%

Operating result

+824.5k NOK +273.9k NOK

-66.8%

Equity

1 179 NOK 1.65m NOK

+140134.4%

Total assets

4.57m NOK 11.8k NOK

-99.7%

↑
Revenue rose

Operating income / revenue moved from 5.76m NOK to 6.24m NOK (+8.3% YoY). Calculated
↑
Equity strengthened

Book equity 1 179 NOK → 1.65m NOK (equity ratio 0.0% → 13986.7%). Calculated
↑
Current ratio back above 1×

Current ratio 0.29× → 40.66×. Calculated

↓
Operating result weakened

Operating result +824.5k NOK → +273.9k NOK (op. margin 14.3% → 4.4%). Calculated

·
Payroll increased

Salary cost 2.65m NOK → 3.68m NOK (46% → 59% of revenue). Calculated
·
COGS fell

COGS / varekostnad 271.5k NOK → 153.9k NOK (-43.3% YoY). Calculated