ABAX AS: årsregnskap 2010 vs 2009
Grew 203855% on revenue, stronger earnings
approved 2011-03-28; registry 2011-04-11; journal 2011 334589
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABAX AS. Revenue 43.5k NOK → 88.74m NOK (+203854.8%). Net result +228.1k NOK → +784.4k NOK. Equity 328.1k NOK → 13.11m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABAX AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 43.5k NOK to 88.74m NOK (+203854.8% YoY). Calculated
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Operating result improved
Operating result +1.01m NOK → +12.27m NOK (op. margin 2326.0% → 13.8%). Calculated
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Net result improved
Net result +228.1k NOK → +784.4k NOK (net margin 524.3% → 0.9%). Calculated
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Equity strengthened
Book equity 328.1k NOK → 13.11m NOK (equity ratio 1047.7% → 16.7%). Calculated
Things to notice
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Payroll increased
Salary cost 10.7k NOK → 26.36m NOK (25% → 30% of revenue). Calculated
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COGS moved
COGS / varekostnad 20.8k NOK → 31.48m NOK (+151113.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 12.1k NOK → 39.97m NOK. Reported fact