4TRAVEL AS: årsregnskap 2010 vs 2009
Grew 25% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 4TRAVEL AS. Revenue 6.43m NOK → 8.06m NOK (+25.2%). Net result +35.8k NOK → +204.7k NOK. Equity 754.1k NOK → 458.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 4TRAVEL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.43m NOK to 8.06m NOK (+25.2% YoY). Calculated
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↑
Operating result improved
Operating result +37.7k NOK → +269.9k NOK (op. margin 0.6% → 3.3%). Calculated
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↑
Net result improved
Net result +35.8k NOK → +204.7k NOK (net margin 0.6% → 2.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 754.1k NOK → 458.7k NOK (equity ratio 65.7% → 30.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.68m NOK → 2.76m NOK (42% → 34% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.45m NOK → 6.61m NOK (+21.2% YoY). Calculated