ABORA PROSJEKT AS: årsregnskap 2010 vs 2009
Grew 50% on revenue
approved 2011-03-23; registry 2011-04-04; journal 2011 326286
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABORA PROSJEKT AS. Revenue 34.28m NOK → 51.55m NOK (+50.4%). Equity 7.34m NOK → 7.90m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABORA PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 34.28m NOK to 51.55m NOK (+50.4% YoY). Calculated
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↑
Operating result improved
Operating result +1.05m NOK → +3.55m NOK (op. margin 3.1% → 6.9%). Calculated
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↑
Equity strengthened
Book equity 7.34m NOK → 7.90m NOK (equity ratio 49.9% → 41.3%). Calculated
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↑
Cash rose
Bank deposits 4.14m NOK → 6.55m NOK (+58.3% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.46× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 13.04m NOK → 15.40m NOK (38% → 30% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 17.73m NOK → 29.81m NOK (+68.2% YoY). Calculated