ABB AS: årsregnskap 2010 vs 2009
Shrank 100% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABB AS. Revenue 8.40bn NOK → 7.54m NOK (-99.9%). Net result +315.02m NOK → +531.6k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABB AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +496.96m NOK → +635.85m NOK (op. margin 5.9% → 8437.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.40bn NOK to 7.54m NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result +315.02m NOK → +531.6k NOK (net margin 3.7% → 7.1%). Calculated
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↓
Cash fell
Bank deposits 15.09m NOK → 7 530 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (15.09m NOK → 7 530 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 4.99m NOK → 3.74m NOK (-25.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 182.20m NOK → 208.6k NOK. Reported fact