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Org.nr 967 688 576 2009 → 2010 Year-over-year analysis

ABACTUS AS: årsregnskap 2010 vs 2009

Shrank 56% on revenue, slipped into loss

approved 2011-06-20; registry 2011-08-18; journal 2011 605253

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ABACTUS AS. Revenue 4.80m NOK → 2.10m NOK (-56.2%). Net result +2.40m NOK → -1.77m NOK. Equity 14.32m NOK → 12.54m NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABACTUS AS.

At a glance

Scorecard

Revenue
4.80m NOK 2.10m NOK
-56.2%
Operating result
+367.3k NOK +596.4k NOK
+62.4%
Net result
+2.40m NOK -1.77m NOK
-173.8%
Equity
14.32m NOK 12.54m NOK
-12.4%
Cash
5.24m NOK 3.89m NOK
-25.7%
Total assets
22.45m NOK 19.99m NOK
-11.0%

What improved

  • ↑

    Operating result improved

    Operating result +367.3k NOK → +596.4k NOK (op. margin 7.7% → 28.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.80m NOK to 2.10m NOK (-56.2% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 2.40m NOK profit to a loss of 1.77m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 14.32m NOK → 12.54m NOK (equity ratio 63.8% → 62.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.24m NOK → 3.89m NOK (-25.7% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 743.1k NOK → 869.7k NOK (15% → 41% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 6.00m NOK → 4.01m NOK. Reported fact