A/S Skog: årsregnskap 2010 vs 2009
Shrank 95% on revenue, stronger earnings
approved 2011-05-26; registry 2011-09-09; journal 2011 725501
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A/S Skog. Revenue 442.5k NOK → 22.7k NOK (-94.9%). Net result +62.2k NOK → +136.9k NOK. Equity 707.1k NOK → 844.0k 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: book investments changed. All figures are taken from the published annual accounts for A/S Skog.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -18.1k NOK → +182.9k NOK (op. margin -4.1% → 806.4%). Calculated
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↑
Net result improved
Net result +62.2k NOK → +136.9k NOK (net margin 14.1% → 603.6%). Calculated
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↑
Equity strengthened
Book equity 707.1k NOK → 844.0k NOK (equity ratio 77.7% → 878.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 442.5k NOK to 22.7k NOK (-94.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 169.6k NOK → 188.6k NOK (38% → 831% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 23.7k NOK → 31.9k NOK. Reported fact