A/S SørMek: årsregnskap 2010 vs 2009
Shrank 6% on revenue
approved 2011-06-22; registry 2011-07-02; journal 2011 468178
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A/S SørMek. Revenue 14.71m NOK → 13.79m NOK (-6.2%). Equity 926.7k NOK → 736.3k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A/S SørMek.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.93× → 1.03×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.71m NOK to 13.79m NOK (-6.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +517.4k NOK → +210.4k NOK (op. margin 3.5% → 1.5%). Calculated
-
↓
Equity eroded
Book equity 926.7k NOK → 736.3k NOK (equity ratio 7.1% → 6.9%). Calculated
-
↓
COGS moved
COGS / varekostnad 6.93m NOK → 7.68m NOK (+10.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 10.0k NOK → 10 NOK. Reported fact