A.M. VIK & CO AS: årsregnskap 2010 vs 2009
Shrank 57% on revenue, slipped into loss
approved 2011-02-28; registry 2011-07-13; journal 2011 498805
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A.M. VIK & CO AS. Revenue 799.5k NOK → 340.6k NOK (-57.4%). Net result +5 430 NOK → -86.7k NOK. Equity 122.8k NOK → 36.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A.M. VIK & CO AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 49.7k NOK → 8 074 NOK (6% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 799.5k NOK to 340.6k NOK (-57.4% YoY). Calculated
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↓
Operating result weakened
Operating result +30.0k NOK → -87.1k NOK (op. margin 3.8% → -25.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 5 430 NOK profit to a loss of 86.7k NOK. Calculated
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↓
Equity eroded
Book equity 122.8k NOK → 36.1k NOK (equity ratio 29.8% → 20.5%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 510.1k NOK → 222.8k NOK (-56.3% YoY). Calculated