AB-M AS: årsregnskap 2010 vs 2009
Grew 29% on revenue, stronger earnings, cash halved-plus
approved 2011-06-30; registry 2011-08-31; journal 2011 664771
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AB-M AS. Revenue 478.9k NOK → 618.1k NOK (+29.1%). Net result +207.2k NOK → +521.7k NOK. Equity 239.4k NOK → 761 NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AB-M AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 478.9k NOK to 618.1k NOK (+29.1% YoY). Calculated
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↑
Net result improved
Net result +207.2k NOK → +521.7k NOK (net margin 43.3% → 84.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +224.7k NOK → +204.4k NOK (op. margin 46.9% → 33.1%). Calculated
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↓
Equity eroded
Book equity 239.4k NOK → 761 NOK (equity ratio 7.3% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 400.1k NOK → 180.4k NOK (-54.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 6 146 NOK → 37.7k NOK (+514.1% YoY). Calculated