ACADEMIC WORK CONSULTING NORWAY AS: årsregnskap 2010 vs 2009
Grew 144% on revenue, weaker earnings, cash halved-plus
approved 2011-03-17; registry 2011-06-18; journal 2011 421151
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ACADEMIC WORK CONSULTING NORWAY AS. Revenue 8.95m NOK → 21.84m NOK (+144.0%). Net result +126.4k NOK → +7 NOK. Equity 263.9k NOK → 566.3k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ACADEMIC WORK CONSULTING NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.95m NOK to 21.84m NOK (+144.0% YoY). Calculated
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↑
Equity strengthened
Book equity 263.9k NOK → 566.3k NOK (equity ratio 66.1% → 11.0%). Calculated
What deteriorated
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↓
Net result weakened
Net result +126.4k NOK → +7 NOK (net margin 1.4% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 4.31m NOK → 468.7k NOK (-89.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.31m NOK → 468.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 2 NOK → 21.28m NOK (0% → 97% of revenue). Calculated