7 STEEL SERVICE NORWAY AS: årsregnskap 2010 vs 2009
Grew 20% on revenue, stronger earnings
approved 2011-05-20; registry 2011-07-13; journal 2011 501095
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 7 STEEL SERVICE NORWAY AS. Revenue 515.34m NOK → 617.18m NOK (+19.8%). Net result -21.08m NOK → -16.06m NOK. Equity 81.95m NOK → 65.89m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 515.34m NOK to 617.18m NOK (+19.8% YoY). Calculated
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↑
Net result improved
Net result -21.08m NOK → -16.06m NOK (net margin -4.1% → -2.6%). Calculated
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↑
Cash rose
Bank deposits 3.51m NOK → 75.86m NOK (+2062.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 77.88m NOK → 73.56m NOK (15% → 12% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 81.95m NOK → 65.89m NOK (equity ratio 32.3% → 18.7%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 359.28m NOK → 457.87m NOK (+27.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 187.5k NOK → 0 NOK. Reported fact