Org.nr 991 711 392 2009 → 2010 Year-over-year analysis

4SUBSEA AS: årsregnskap 2010 vs 2009

Grew 38% on revenue

approved 2011-05-18; registry 2011-06-04; journal 2011 384314

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for 4SUBSEA AS. Revenue 46.52m NOK → 64.03m NOK (+37.6%). Equity 7.22m NOK → 9.94m NOK.

On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: cash fell.

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

At a glance

Revenue

46.52m NOK 64.03m NOK

+37.6%

Net result

n/m +5.65m NOK

—

Equity

7.22m NOK 9.94m NOK

+37.6%

Cash

8.53m NOK 6.29m NOK

-26.2%

Total assets

19.93m NOK 25.30m NOK

+26.9%

↑
Revenue rose

Operating income / revenue moved from 46.52m NOK to 64.03m NOK (+37.6% YoY). Calculated
↑
Equity strengthened

Book equity 7.22m NOK → 9.94m NOK (equity ratio 36.2% → 39.3%). Calculated
↑
Owners injected capital

Paid-in equity rose 3.85m NOK → 3.89m NOK (+40.5k NOK). Reported fact

·
Payroll increased

Salary cost 25.93m NOK → 32.34m NOK (56% → 51% of revenue). Calculated
·
COGS moved

COGS / varekostnad 9.15m NOK → 14.55m NOK (+59.0% YoY). Calculated