ACE GOLF AS: årsregnskap 2009 vs 2008
Shrank 12% on revenue, weaker earnings
approved 2010-04-13; registry 2010-05-04
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACE GOLF AS. Revenue 5.25m NOK → 4.64m NOK (-11.7%). Net result +641.7k NOK → +40.7k NOK. Equity 274.0k NOK → 314.7k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACE GOLF AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 274.0k NOK → 314.7k NOK (equity ratio 29.6% → 34.8%). Calculated
-
↑
Payroll decreased
Salary cost 5.92m NOK → 1.32m NOK (113% → 28% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.25m NOK to 4.64m NOK (-11.7% YoY). Calculated
-
↓
Net result weakened
Net result +641.7k NOK → +40.7k NOK (net margin 12.2% → 0.9%). Calculated
-
↓
Cash fell
Bank deposits 398.9k NOK → 201.0k NOK (-49.6% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 2.91m NOK → 2.51m NOK (-13.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1 895 NOK → 40.0k NOK. Reported fact