5895 INVEST AS: årsregnskap 2010 vs 2009
Grew 248% on revenue, stronger earnings, cash halved-plus
approved 2011-08-18; registry 2011-09-13; journal 2011 754979
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 5895 INVEST AS. Revenue 525.5k NOK → 1.83m NOK (+247.8%). Net result +60.2k NOK → +342.5k NOK. Equity 329.8k NOK → 672.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 5895 INVEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 525.5k NOK to 1.83m NOK (+247.8% YoY). Calculated
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Operating result improved
Operating result +123.7k NOK → +523.5k NOK (op. margin 23.5% → 28.6%). Calculated
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Net result improved
Net result +60.2k NOK → +342.5k NOK (net margin 11.5% → 18.7%). Calculated
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Equity strengthened
Book equity 329.8k NOK → 672.3k NOK (equity ratio 17.5% → 42.2%). Calculated
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Payroll decreased
Salary cost 1.18m NOK → 1.09m NOK (224% → 59% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 84.3k NOK → 6 541 NOK (-92.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 507.89× → 0.36× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 1.36m NOK → 10.36m NOK. Reported fact