ABC EL-MONTASJE AS: årsregnskap 2009 vs 2008
Grew 201% on revenue, stronger earnings
approved 2010-05-31; registry 2010-09-07; journal 2010 720304
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABC EL-MONTASJE AS. Revenue 1.40m NOK → 4.21m NOK (+200.7%). Net result +270.4k NOK → +325.7k NOK. Equity 372.4k NOK → 698.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC EL-MONTASJE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.40m NOK to 4.21m NOK (+200.7% YoY). Calculated
-
↑
Operating result improved
Operating result +369.0k NOK → +452.2k NOK (op. margin 26.4% → 10.7%). Calculated
-
↑
Net result improved
Net result +270.4k NOK → +325.7k NOK (net margin 19.3% → 7.7%). Calculated
-
↑
Equity strengthened
Book equity 372.4k NOK → 698.1k NOK (equity ratio 50.6% → 452.2%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 438.6k NOK → 385.5k NOK (-12.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.75× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 360.5k NOK → 527.9k NOK (26% → 13% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 446.3k NOK → 665.9k NOK (+49.2% YoY). Calculated