A BIRKELAND TRAPPESNEKKERI AS: årsregnskap 2010 vs 2009
Stronger earnings
approved 2011-06-17; registry 2011-09-06; journal 2011 710358
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A BIRKELAND TRAPPESNEKKERI AS. Revenue 1.48m NOK → 1.41m NOK (-4.7%). Net result +2 009 NOK → +143.7k NOK. Equity 280.5k NOK → 136.9k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A BIRKELAND TRAPPESNEKKERI AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +2 009 NOK → +143.7k NOK (net margin 0.1% → 10.2%). Calculated
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↑
Cash rose
Bank deposits 542.2k NOK → 644.7k NOK (+18.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 991.6k NOK → 879.3k NOK (67% → 62% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.48m NOK to 1.41m NOK (-4.7% YoY). Calculated
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↓
Equity eroded
Book equity 280.5k NOK → 136.9k NOK (equity ratio 17.4% → 8.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 382.1k NOK → 372.8k NOK (-2.4% YoY). Calculated