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Org.nr 946 995 517 2009 → 2010 Year-over-year analysis

A/S Even Cudrio: årsregnskap 2010 vs 2009

Shrank 7% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for A/S Even Cudrio. Revenue 20.46m NOK → 19.08m NOK (-6.7%). Net result +433.1k NOK → +933.0k NOK. Equity 3.12m NOK → 3.45m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A/S Even Cudrio.

At a glance

Scorecard

Revenue
20.46m NOK 19.08m NOK
-6.7%
Operating result
+658.9k NOK +1.33m NOK
+102.2%
Net result
+433.1k NOK +933.0k NOK
+115.4%
Equity
3.12m NOK 3.45m NOK
+10.7%
Total assets
7.54m NOK 10.32m NOK
+36.8%

What improved

  • ↑

    Operating result improved

    Operating result +658.9k NOK → +1.33m NOK (op. margin 3.2% → 7.0%). Calculated

  • ↑

    Net result improved

    Net result +433.1k NOK → +933.0k NOK (net margin 2.1% → 4.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.12m NOK → 3.45m NOK (equity ratio 41.3% → 33.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 20.46m NOK to 19.08m NOK (-6.7% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 7.55m NOK → 7.63m NOK (37% → 40% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 9.67m NOK → 7.26m NOK (-24.9% YoY). Calculated