ABD RØRSERVICE AS: årsregnskap 2010 vs 2009
Grew 53% on revenue
approved 2011-04-11; registry 2011-07-30; journal 2011 549231
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABD RØRSERVICE AS. Revenue 5.07m NOK → 7.75m NOK (+53.0%). Equity 699.8k NOK → 93.4k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABD RØRSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.07m NOK to 7.75m NOK (+53.0% YoY). Calculated
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↑
Operating result improved
Operating result +185.3k NOK → +558.5k NOK (op. margin 3.7% → 7.2%). Calculated
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↑
Cash rose
Bank deposits 737.8k NOK → 826.9k NOK (+12.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 699.8k NOK → 93.4k NOK (equity ratio 30.7% → 2.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.48m NOK → 2.14m NOK (29% → 28% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.74m NOK → 4.09m NOK (+49.3% YoY). Calculated