A'VERA AS: årsregnskap 2010 vs 2009
Shrank 7% on revenue, weaker earnings
approved 2010-12-02; registry 2011-02-28; journal 2011 307274
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A'VERA AS. Revenue 10.20m NOK → 9.51m NOK (-6.7%). Net result +59.3k NOK → +32.9k NOK. Equity 7.11m NOK → 144.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A'VERA AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.90m NOK → 3.86m NOK (38% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.20m NOK to 9.51m NOK (-6.7% YoY). Calculated
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↓
Operating result weakened
Operating result +49.9k NOK → +44.9k NOK (op. margin 0.5% → 0.5%). Calculated
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↓
Net result weakened
Net result +59.3k NOK → +32.9k NOK (net margin 0.6% → 0.3%). Calculated
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↓
Equity eroded
Book equity 7.11m NOK → 144.9k NOK (equity ratio 554.9% → 9.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 7.34m NOK → 6.81m NOK (-7.2% YoY). Calculated