ABC EL-MONTASJE AS: årsregnskap 2010 vs 2009
Stronger earnings
approved 2011-06-20; registry 2011-09-07; journal 2011 720283
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABC EL-MONTASJE AS. Revenue 4.21m NOK → 4.38m NOK (+4.0%). Net result +325.7k NOK → +476.0k NOK. Equity 698.1k NOK → 174.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC EL-MONTASJE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.21m NOK to 4.38m NOK (+4.0% YoY). Calculated
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↑
Operating result improved
Operating result +452.2k NOK → +683.9k NOK (op. margin 10.7% → 15.6%). Calculated
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Net result improved
Net result +325.7k NOK → +476.0k NOK (net margin 7.7% → 10.9%). Calculated
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Cash rose
Bank deposits 385.5k NOK → 998.7k NOK (+159.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.06× → 3.16×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 698.1k NOK → 174.1k NOK (equity ratio 452.2% → 9.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 527.9k NOK → 1.45m NOK (13% → 33% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 665.9k NOK → 1.58m NOK (+137.5% YoY). Calculated