AB SNEKKERN AS: årsregnskap 2010 vs 2009
Mixed movements in the accounts
approved 2011-05-31; registry 2011-09-12; journal 2011 751589
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AB SNEKKERN AS. Revenue 10.69m NOK → 11.05m NOK (+3.3%). Equity 1.88m NOK → 535.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; 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 AB SNEKKERN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.69m NOK to 11.05m NOK (+3.3% YoY). Calculated
-
↑
Cash rose
Bank deposits 1.70m NOK → 2.42m NOK (+42.6% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 1.88m NOK → 535.1k NOK (equity ratio 36.4% → 10.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 6.43m NOK → 7.17m NOK (60% → 65% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 350.8k NOK → 1.09m NOK (+210.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 51.1k NOK → 12.0k NOK. Reported fact