FirmaIQ
Org.nr 963 544 731 2009 → 2010 Year-over-year analysis

A. HANSEN GRUPPEN AS: årsregnskap 2010 vs 2009

Shrank 38% on revenue, cash halved-plus

approved 2011-06-30; registry 2011-09-10; journal 2011 736604

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for A. HANSEN GRUPPEN AS. Revenue 63.49m NOK → 39.56m NOK (-37.7%). Equity 2.80m NOK → -5.18m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A. HANSEN GRUPPEN AS.

At a glance

Scorecard

Revenue
63.49m NOK 39.56m NOK
-37.7%
Equity
2.80m NOK -5.18m NOK
-285.1%
Cash
3.20m NOK 374.9k NOK
-88.3%
Total assets
14.12m NOK 10.05m NOK
-28.8%

What improved

  • ↑

    Payroll decreased

    Salary cost 20.00m NOK → 15.64m NOK (31% → 40% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 63.49m NOK to 39.56m NOK (-37.7% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 2.80m NOK → -5.18m NOK (equity ratio 19.8% → -51.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.20m NOK → 374.9k NOK (-88.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -51.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (3.20m NOK → 374.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 35.08m NOK → 28.10m NOK (-19.9% YoY). Calculated