Org.nr 985 873 305 2009 → 2010 Year-over-year analysis

ABA TRANSPORT AS: årsregnskap 2010 vs 2009

Grew 22% on revenue, cash halved-plus

approved 2011-09-28; registry 2011-10-03; journal 2011 777886

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ABA TRANSPORT AS. Revenue 5.95m NOK → 7.26m NOK (+22.0%). Equity 1.64m NOK → 697.2k NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABA TRANSPORT AS.

At a glance

Revenue

5.95m NOK 7.26m NOK

+22.0%

Operating result

+513.86bn NOK n/m

—

Net result

+309.0k NOK n/m

—

Equity

1.64m NOK 697.2k NOK

-57.5%

Cash

143.3k NOK 35.0k NOK

-75.6%

Total assets

3.90m NOK 3.60m NOK

-7.7%

↑
Revenue rose

Operating income / revenue moved from 5.95m NOK to 7.26m NOK (+22.0% YoY). Calculated

↓
Equity eroded

Book equity 1.64m NOK → 697.2k NOK (equity ratio 42.0% → 19.3%). Calculated
↓
Cash fell

Bank deposits 143.3k NOK → 35.0k NOK (-75.6% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.30× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Payroll increased

Salary cost 1.13m NOK → 1.45m NOK (19% → 20% of revenue). Calculated
·
COGS moved

COGS / varekostnad 2.34m NOK → 3.41m NOK (+45.7% YoY). Calculated