A OLSEN & SØNN AS: årsregnskap 2010 vs 2009
Shrank 9% on revenue, slipped into loss
approved 2011-04-26; registry 2011-05-04; journal 2011 354730
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A OLSEN & SØNN AS. Revenue 828.4k NOK → 754.5k NOK (-8.9%). Net result +29.4k NOK → -29.8k NOK. Equity 556.4k NOK → 226.6k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 347.6k NOK → 415.3k NOK (+19.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 828.4k NOK to 754.5k NOK (-8.9% YoY). Calculated
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↓
Operating result weakened
Operating result +69.3k NOK → -17.5k NOK (op. margin 8.4% → -2.3%). Calculated
-
↓
Fell into a net loss
Net result flipped from 29.4k NOK profit to a loss of 29.8k NOK. Calculated
-
↓
Equity eroded
Book equity 556.4k NOK → 226.6k NOK (equity ratio 52.4% → 25.5%). Calculated