ABC TRAFIKKSKOLE AS: årsregnskap 2010 vs 2009
Grew 9% on revenue, weaker earnings, cash halved-plus
approved 2011-04-07; registry 2011-07-27; journal 2011 543435
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABC TRAFIKKSKOLE AS. Revenue 4.00m NOK → 4.35m NOK (+8.7%). Net result +360.3k NOK → +284.3k NOK. Equity 678.0k NOK → 312.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ABC TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.00m NOK to 4.35m NOK (+8.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +631.0k NOK → +557.7k NOK (op. margin 15.8% → 12.8%). Calculated
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↓
Net result weakened
Net result +360.3k NOK → +284.3k NOK (net margin 9.0% → 6.5%). Calculated
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↓
Equity eroded
Book equity 678.0k NOK → 312.3k NOK (equity ratio 15.7% → 10.4%). Calculated
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↓
Cash fell
Bank deposits 626.2k NOK → 86.1k NOK (-86.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.95m NOK → 2.27m NOK (49% → 52% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 138.3k NOK → 128.1k NOK (-7.3% YoY). Calculated