Org.nr 947 454 838 2009 → 2010 Year-over-year analysis

A/S Hørtefossen: årsregnskap 2010 vs 2009

Shrank 7% on revenue, cash halved-plus

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for A/S Hørtefossen. Revenue 5.77m NOK → 5.34m NOK (-7.4%). Net result +795.5k NOK → +645.5k NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A/S Hørtefossen.

At a glance

Revenue

5.77m NOK 5.34m NOK

-7.4%

Operating result

+1 031 NOK +774.8k NOK

+75049.3%

Net result

+795.5k NOK +645.5k NOK

-18.9%

Equity

5.32m NOK n/m

—

Cash

3.54m NOK 891.9k NOK

-74.8%

Total assets

7.43m NOK 7.88m NOK

+6.1%

↑
Operating result improved

Operating result +1 031 NOK → +774.8k NOK (op. margin 0.0% → 14.5%). Calculated
↑
Payroll decreased

Salary cost 1.97m NOK → 2 010 NOK (34% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.77m NOK to 5.34m NOK (-7.4% YoY). Calculated
↓
Net result weakened

Net result +795.5k NOK → +645.5k NOK (net margin 13.8% → 12.1%). Calculated
↓
Cash fell

Bank deposits 3.54m NOK → 891.9k NOK (-74.8% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (3.54m NOK → 891.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 1.92m NOK → 1.62m NOK (-15.6% YoY). Calculated