Org.nr 887 009 392 2009 → 2010 Year-over-year analysis

A.HILDONEN BAKERI & KONDITORI AS: årsregnskap 2010 vs 2009

Mixed movements in the accounts

approved 2011-08-29; registry 2011-09-03; journal 2011 692042

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for A.HILDONEN BAKERI & KONDITORI AS. Revenue 10.61m NOK → 10.58m NOK (-0.2%). Equity 1.87m NOK → 307.1k NOK.

Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A.HILDONEN BAKERI & KONDITORI AS.

At a glance

Revenue

10.61m NOK 10.58m NOK

-0.2%

Equity

1.87m NOK 307.1k NOK

-83.6%

Total assets

3.58m NOK 3.34m NOK

-6.6%

↓
Revenue fell

Operating income / revenue moved from 10.61m NOK to 10.58m NOK (-0.2% YoY). Calculated
↓
Equity eroded

Book equity 1.87m NOK → 307.1k NOK (equity ratio 52.3% → 9.2%). Calculated
↓
Payroll up without matching revenue

Salary cost 5.03m NOK → 5.13m NOK (47% → 48% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 2.89m NOK → 3.20m NOK (+10.7% YoY). Calculated

·
Thin equity buffer

Equity ratio is 9.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation