ABN SCANDINAVIA AS: årsregnskap 2010 vs 2009
Grew 34% on revenue
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABN SCANDINAVIA AS. Revenue 18.89m NOK → 25.28m NOK (+33.9%). Equity 761.6k NOK → 191.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABN SCANDINAVIA AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 18.89m NOK to 25.28m NOK (+33.9% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +1.04m NOK → +787.7k NOK (op. margin 5.5% → 3.1%). Calculated
-
↓
Equity eroded
Book equity 761.6k NOK → 191.9k NOK (equity ratio 22.9% → 8.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 16.12m NOK → 22.25m NOK (+38.0% YoY). Calculated