A. Vikhagen AS: årsregnskap 2010 vs 2009
Shrank 32% on revenue, stronger earnings
approved 2011-06-29; registry 2011-08-18; journal 2011 607075
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A. Vikhagen AS. Revenue 4.53m NOK → 3.07m NOK (-32.1%). Net result +35.6k NOK → +104.9k NOK. Equity 457.3k NOK → 562.1k 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: cogs fell. All figures are taken from the published annual accounts for A. Vikhagen AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +77.8k NOK → +173.4k NOK (op. margin 1.7% → 5.6%). Calculated
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↑
Net result improved
Net result +35.6k NOK → +104.9k NOK (net margin 0.8% → 3.4%). Calculated
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↑
Equity strengthened
Book equity 457.3k NOK → 562.1k NOK (equity ratio 34.8% → 45.8%). Calculated
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↑
Cash rose
Bank deposits 550.6k NOK → 698.1k NOK (+26.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.53m NOK to 3.07m NOK (-32.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.69m NOK → 8.21m NOK (37% → 267% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.09m NOK → 1.21m NOK (-42.0% YoY). Calculated