A-PLAST AS: årsregnskap 2010 vs 2009
Shrank 10% on revenue
approved 2011-06-30; registry 2011-08-08; journal 2011 561815
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A-PLAST AS. Revenue 9.60m NOK → 8.61m NOK (-10.3%). Equity 408.9k NOK → 100.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A-PLAST AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.15m NOK → 2.10m NOK (22% → 24% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 9.60m NOK to 8.61m NOK (-10.3% YoY). Calculated
-
↓
Equity eroded
Book equity 408.9k NOK → 100.9k NOK (equity ratio 18.9% → 3.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 5.08m NOK → 4.71m NOK (-7.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 112.6k NOK → 92.5k NOK. Reported fact