62 NORD AS: årsregnskap 2010 vs 2009
Shrank 47% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 62 NORD AS. Revenue 18.11m NOK → 9.55m NOK (-47.3%). Net result -4.69m NOK → -1.31m NOK. Equity 9.06m NOK → 11.35m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 62 NORD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -5.00m NOK → -432.9k NOK (op. margin -27.6% → -4.5%). Calculated
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↑
Net result improved
Net result -4.69m NOK → -1.31m NOK (net margin -25.9% → -13.7%). Calculated
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↑
Equity strengthened
Book equity 9.06m NOK → 11.35m NOK (equity ratio 22.1% → 27.2%). Calculated
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↑
Payroll decreased
Salary cost 6.18m NOK → 3.58m NOK (34% → 37% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 18.11m NOK to 9.55m NOK (-47.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 8.42m NOK → 1.46m NOK (-82.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2 917 NOK → 21.4k NOK. Reported fact