A BYGG ENTREPRENØR AS: årsregnskap 2010 vs 2009
Shrank 80% on revenue, weaker earnings, cash halved-plus
approved 2011-06-30; registry 2011-09-03; journal 2011 683791
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A BYGG ENTREPRENØR AS. Revenue 46.67m NOK → 9.26m NOK (-80.2%). Net result -2.02m NOK → -3.68m NOK. Equity 5.50m NOK → 1.83m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for A BYGG ENTREPRENØR AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.94× → 1.13×. Calculated
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↑
Payroll decreased
Salary cost 6.65m NOK → 4.91m NOK (14% → 53% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 46.67m NOK to 9.26m NOK (-80.2% YoY). Calculated
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↓
Operating result weakened
Operating result -2.44m NOK → -4.75m NOK (op. margin -5.2% → -51.3%). Calculated
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↓
Net result weakened
Net result -2.02m NOK → -3.68m NOK (net margin -4.3% → -39.7%). Calculated
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↓
Equity eroded
Book equity 5.50m NOK → 1.83m NOK (equity ratio 26.3% → 14.9%). Calculated
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↓
Cash fell
Bank deposits 1.51m NOK → 326.3k NOK (-78.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.51m NOK → 326.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 38.98m NOK → 6.79m NOK (-82.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 7.55m NOK → 499.3k NOK. Reported fact