Org.nr 990 992 428 2009 → 2010 Year-over-year analysis

ACCESS INNOVATION AS: årsregnskap 2010 vs 2009

Shrank 19% on revenue

approved 2011-10-20; registry 2011-10-26; journal 2011 789903

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ACCESS INNOVATION AS. Revenue 10.38m NOK → 8.39m NOK (-19.1%). Equity 4.19m NOK → 5.69m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cogs moved.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCESS INNOVATION AS.

At a glance

Revenue

10.38m NOK 8.39m NOK

-19.1%

Operating result

+5.28m NOK +2.29m NOK

-56.6%

Net result

n/m +1.49m NOK

—

Equity

4.19m NOK 5.69m NOK

+35.6%

Total assets

8.02m NOK 7.62m NOK

-5.0%

↑
Equity strengthened

Book equity 4.19m NOK → 5.69m NOK (equity ratio 52.3% → 74.7%). Calculated
↑
Payroll decreased

Salary cost 6.53m NOK → 3.53m NOK (63% → 42% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 10.38m NOK to 8.39m NOK (-19.1% YoY). Calculated
↓
Operating result weakened

Operating result +5.28m NOK → +2.29m NOK (op. margin 50.9% → 27.3%). Calculated
↓
COGS moved

COGS / varekostnad 4 330 NOK → 5.32m NOK (+122797.2% YoY). Calculated

·
Book investments changed

Investment / intangible book value 7 NOK → 38.5k NOK. Reported fact