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Org.nr 984 648 324 2009 → 2010 Year-over-year analysis

ACINOR AS: årsregnskap 2010 vs 2009

Shrank 8% on revenue

approved 2011-03-29; registry 2011-06-07; journal 2011 386278

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ACINOR AS. Revenue 31.57m NOK → 29.11m NOK (-7.8%). Equity 4.71m NOK → 2.80m NOK.

On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACINOR AS.

At a glance

Scorecard

Revenue
31.57m NOK 29.11m NOK
-7.8%
Equity
4.71m NOK 2.80m NOK
-40.5%
Cash
4.62m NOK 4.79m NOK
+3.6%
Total assets
10.86m NOK 11.72m NOK
+7.9%

What improved

  • ↑

    Cash rose

    Bank deposits 4.62m NOK → 4.79m NOK (+3.6% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.91× → 1.07×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 31.57m NOK to 29.11m NOK (-7.8% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 4.71m NOK → 2.80m NOK (equity ratio 43.4% → 23.9%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3 NOK → 858.1k NOK (0% → 3% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 22.06m NOK → 15.62m NOK (-29.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 30.0k NOK → 12.1k NOK. Reported fact