A2BUS AS: årsregnskap 2010 vs 2009
Stronger earnings
approved 2011-04-18; registry 2011-05-16; journal 2011 364038
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A2BUS AS. Revenue 2.14m NOK → 2.22m NOK (+3.8%). Net result +230.7k NOK → +282.1k NOK. Equity 580.2k NOK → 862.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A2BUS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.14m NOK to 2.22m NOK (+3.8% YoY). Calculated
-
↑
Operating result improved
Operating result +326.3k NOK → +396.7k NOK (op. margin 15.3% → 17.9%). Calculated
-
↑
Net result improved
Net result +230.7k NOK → +282.1k NOK (net margin 10.8% → 12.7%). Calculated
-
↑
Equity strengthened
Book equity 580.2k NOK → 862.3k NOK (equity ratio 505.7% → 62.1%). Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 2.62× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 831.0k NOK → 6.78m NOK (39% → 306% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 5 517 NOK → 16.2k NOK (+194.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 205.1k NOK → 168.3k NOK. Reported fact