A TITLESTAD AS: årsregnskap 2009 vs 2008
Stronger earnings
approved 2010-02-15; registry 2010-03-17
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A TITLESTAD AS. Revenue 3.80m NOK → 3.73m NOK (-1.7%). Net result +79.2k NOK → +156.3k NOK. Equity 620.0k NOK → 626.3k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A TITLESTAD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +104.2k NOK → +214.2k NOK (op. margin 2.7% → 5.7%). Calculated
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↑
Net result improved
Net result +79.2k NOK → +156.3k NOK (net margin 2.1% → 4.2%). Calculated
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↑
Equity strengthened
Book equity 620.0k NOK → 626.3k NOK (equity ratio 46.7% → 42.4%). Calculated
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↑
Cash rose
Bank deposits 239.8k NOK → 421.2k NOK (+75.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.80m NOK to 3.73m NOK (-1.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.22× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.35m NOK → 1.05m NOK (-22.4% YoY). Calculated