Org.nr 935 693 462 2009 → 2010 Year-over-year analysis

ABL NORWAY AS: årsregnskap 2010 vs 2009

Shrank 16% on revenue, cash halved-plus

approved 2011-03-30; registry 2011-08-16; journal 2011 592355

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ABL NORWAY AS. Revenue 24.33m NOK → 20.50m NOK (-15.7%). Equity 7.77m NOK → 7.87m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABL NORWAY AS.

At a glance

Revenue

24.33m NOK 20.50m NOK

-15.7%

Equity

7.77m NOK 7.87m NOK

+1.3%

Cash

2.52m NOK 1.16m NOK

-54.2%

Total assets

22.42m NOK 17.48m NOK

-22.0%

↑
Equity strengthened

Book equity 7.77m NOK → 7.87m NOK (equity ratio 34.7% → 45.0%). Calculated

↓
Revenue fell

Operating income / revenue moved from 24.33m NOK to 20.50m NOK (-15.7% YoY). Calculated
↓
Cash fell

Bank deposits 2.52m NOK → 1.16m NOK (-54.2% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 9.23m NOK → 10.16m NOK (38% → 50% of revenue). Calculated