ACE GOLF AS: årsregnskap 2010 vs 2009
Stronger earnings
approved 2011-06-02; registry 2011-08-29; journal 2011 650945
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ACE GOLF AS. Revenue 4.64m NOK → 4.62m NOK (-0.6%). Net result +40.7k NOK → +136.3k NOK. Equity 314.7k NOK → 451.0k NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACE GOLF AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +40.7k NOK → +136.3k NOK (net margin 0.9% → 3.0%). Calculated
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↑
Equity strengthened
Book equity 314.7k NOK → 451.0k NOK (equity ratio 34.8% → 46.9%). Calculated
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↑
Cash rose
Bank deposits 201.0k NOK → 291.4k NOK (+45.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.32m NOK → 1.17m NOK (28% → 25% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.64m NOK to 4.62m NOK (-0.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.51m NOK → 2.42m NOK (-3.4% YoY). Calculated