ABACUS ØKONOMITJENESTER AS: årsregnskap 2010 vs 2009
Grew 7% on revenue, stronger earnings
approved 2011-03-31; registry 2011-04-05; journal 2011 327970
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABACUS ØKONOMITJENESTER AS. Revenue 5.54m NOK → 5.96m NOK (+7.5%). Net result +108.49m NOK → +341.41m NOK. Equity 354.5k NOK → 346.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABACUS ØKONOMITJENESTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.54m NOK to 5.96m NOK (+7.5% YoY). Calculated
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↑
Operating result improved
Operating result +161.48m NOK → +480.98m NOK (op. margin 2913.5% → 8075.6%). Calculated
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↑
Net result improved
Net result +108.49m NOK → +341.41m NOK (net margin 1957.4% → 5732.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 354.5k NOK → 346.0k NOK (equity ratio 18.0% → 17.6%). Calculated
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↓
Cash fell
Bank deposits 482.9k NOK → 417.1k NOK (-13.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 3.92m NOK → 4.14m NOK (71% → 69% of revenue). Calculated