ABSOLUTE BAR AS: årsregnskap 2010 vs 2009
Grew 98% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABSOLUTE BAR AS. Revenue 134.9k NOK → 267.0k NOK (+97.9%). Net result -53.0k NOK → +36.3k NOK. Equity -829.8k NOK → 283.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 134.9k NOK to 267.0k NOK (+97.9% YoY). Calculated
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Operating result improved
Operating result -22.0k NOK → +12.6k NOK (op. margin -16.3% → 4.7%). Calculated
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Turned profitable
Net result flipped from a loss of 53.0k NOK to a profit of 36.3k NOK. Calculated
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Equity strengthened
Book equity -829.8k NOK → 283.1k NOK (equity ratio -654.8% → 210.4%). Calculated
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Cash rose
Bank deposits 0 NOK → 2 316 NOK (None YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 375.0k NOK → 958 NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 125.1k NOK → 97.7k NOK (-22.0% YoY). Calculated