ABS SHOOTING AS: årsregnskap 2010 vs 2009
Shrank 10% on revenue, stronger earnings, cash halved-plus
approved 2011-07-15; registry 2011-09-02; journal 2011 679833
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABS SHOOTING AS. Revenue 6.44m NOK → 5.82m NOK (-9.6%). Net result +2 009 NOK → +413.4k NOK. Equity 744.1k NOK → 1 157 NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABS SHOOTING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -368.1k NOK → +378.6k NOK (op. margin -5.7% → 6.5%). Calculated
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Net result improved
Net result +2 009 NOK → +413.4k NOK (net margin 0.0% → 7.1%). Calculated
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Payroll decreased
Salary cost 460.9k NOK → 401.1k NOK (7% → 7% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.44m NOK to 5.82m NOK (-9.6% YoY). Calculated
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↓
Equity eroded
Book equity 744.1k NOK → 1 157 NOK (equity ratio 26.8% → 0.0%). Calculated
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Cash fell
Bank deposits 971.1k NOK → 149.9k NOK (-84.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 5.79m NOK → 4.61m NOK (-20.3% YoY). Calculated