FirmaIQ
Org.nr 992 169 028 2009 → 2010 Year-over-year analysis

ABELON TECHNOLOGY AS: årsregnskap 2010 vs 2009

Shrank 99% on revenue, stronger earnings

approved 2011-02-27; registry 2011-08-18; journal 2011 606393

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ABELON TECHNOLOGY AS. Revenue 349.2k NOK → 1 827 NOK (-99.5%). Net result +10.1k NOK → +97.0k NOK. Equity 207.5k NOK → 110.4k NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; cogs moved.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
349.2k NOK 1 827 NOK
-99.5%
Operating result
+13.3k NOK +152.9k NOK
+1050.8%
Net result
+10.1k NOK +97.0k NOK
+861.8%
Equity
207.5k NOK 110.4k NOK
-46.8%
Cash
124.5k NOK 262.2k NOK
+110.7%
Total assets
405.0k NOK 974.8k NOK
+140.7%

What improved

  • ↑

    Operating result improved

    Operating result +13.3k NOK → +152.9k NOK (op. margin 3.8% → 8368.1%). Calculated

  • ↑

    Net result improved

    Net result +10.1k NOK → +97.0k NOK (net margin 2.9% → 5310.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 124.5k NOK → 262.2k NOK (+110.7% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.92× → 1.13×. Calculated

  • ↑

    Payroll decreased

    Salary cost 1.06m NOK → 8 NOK (304% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 349.2k NOK to 1 827 NOK (-99.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 207.5k NOK → 110.4k NOK (equity ratio 51.2% → 11.3%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 3 375 NOK → 8.60m NOK (+254703.4% YoY). Calculated