ABICON ELEKTRO AS: årsregnskap 2010 vs 2009
Shrank 12% on revenue, cash halved-plus
approved 2010-04-14; registry 2011-08-18; journal 2011 606511
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABICON ELEKTRO AS. Revenue 90.25m NOK → 78.99m NOK (-12.5%). Net result +5.85m NOK → +5.63m NOK. Equity 10.99m NOK → 12.03m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABICON ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 10.99m NOK → 12.03m NOK (equity ratio 21.5% → 32.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 90.25m NOK to 78.99m NOK (-12.5% YoY). Calculated
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↓
Operating result weakened
Operating result +8.13m NOK → +7.80m NOK (op. margin 9.0% → 9.9%). Calculated
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↓
Cash fell
Bank deposits 25.08m NOK → 5.54m NOK (-77.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (25.08m NOK → 5.54m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 432.0k NOK → 388.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 42.84m NOK → 25.37m NOK (-40.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 1.76m NOK. Reported fact