ABC FORUM AS: årsregnskap 2010 vs 2009
Grew 9% on revenue, stronger earnings
approved 2011-06-22; registry 2011-07-11; journal 2011 488948
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABC FORUM AS. Revenue 825.6k NOK → 897.1k NOK (+8.7%). Net result +194.0k NOK → +398.3k NOK. Equity 2.37m NOK → 2.58m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABC FORUM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 825.6k NOK to 897.1k NOK (+8.7% YoY). Calculated
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Operating result improved
Operating result +83.5k NOK → +291.1k NOK (op. margin 10.1% → 32.4%). Calculated
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Net result improved
Net result +194.0k NOK → +398.3k NOK (net margin 23.5% → 44.4%). Calculated
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Equity strengthened
Book equity 2.37m NOK → 2.58m NOK (equity ratio 53.1% → 55.4%). Calculated
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Payroll decreased
Salary cost 494.2k NOK → 315.5k NOK (60% → 35% of revenue). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.39× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.51m NOK → 2.65m NOK. Reported fact