A&O SEAFOOD EXPORT AS: årsregnskap 2010 vs 2009
Shrank 46% on revenue
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A&O SEAFOOD EXPORT AS. Revenue 40.06m NOK → 21.51m NOK (-46.3%). Equity 1.03m NOK → 1.01m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
40.06m NOK
21.51m NOK
-46.3%
Operating result
+21.56m NOK
+40 NOK
-100.0%
Equity
1.03m NOK
1.01m NOK
-2.3%
Cash
523.9k NOK
n/m
—
Total assets
6.96m NOK
3.59m NOK
-48.5%
What improved
-
↑
Payroll decreased
Salary cost 1.94m NOK → 3 NOK (5% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 40.06m NOK to 21.51m NOK (-46.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +21.56m NOK → +40 NOK (op. margin 53.8% → 0.0%). Calculated
-
↓
Equity eroded
Book equity 1.03m NOK → 1.01m NOK (equity ratio 14.9% → 28.2%). Calculated