ABICON AS: årsregnskap 2010 vs 2009
Grew 19% on revenue, cash halved-plus
approved 2011-06-24; registry 2011-06-29; journal 2011 450497
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABICON AS. Revenue 695.7k NOK → 824.8k NOK (+18.5%). Net result +192.3k NOK → +214.5k NOK. Equity 1.94m NOK → 2.15m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 695.7k NOK to 824.8k NOK (+18.5% YoY). Calculated
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↑
Net result improved
Net result +192.3k NOK → +214.5k NOK (net margin 27.6% → 26.0%). Calculated
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↑
Equity strengthened
Book equity 1.94m NOK → 2.15m NOK (equity ratio 38.5% → 47.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +481.7k NOK → +435.0k NOK (op. margin 69.2% → 52.7%). Calculated
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↓
Cash fell
Bank deposits 111.8k NOK → 36.1k NOK (-67.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.59× → 0.20× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated