Org.nr 964 198 950 2009 → 2010 Year-over-year analysis

ACRYLICON NORGE AS: årsregnskap 2010 vs 2009

Shrank 25% on revenue, cash halved-plus

approved 2011-05-03; registry 2011-08-03; journal 2011 557394

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ACRYLICON NORGE AS. Revenue 32.84m NOK → 24.68m NOK (-24.9%). Equity 8.00m NOK → 7.63m NOK.

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

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ACRYLICON NORGE AS.

At a glance

Revenue

32.84m NOK 24.68m NOK

-24.9%

Operating result

+4.44m NOK -321.9k NOK

-107.3%

Net result

+3.18m NOK n/m

—

Equity

8.00m NOK 7.63m NOK

-4.6%

Cash

1.99m NOK 577.4k NOK

-71.0%

Total assets

19.57m NOK 23.18m NOK

+18.5%

↑
Payroll decreased

Salary cost 2.34m NOK → 1.68m NOK (7% → 7% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 32.84m NOK to 24.68m NOK (-24.9% YoY). Calculated
↓
Operating result weakened

Operating result +4.44m NOK → -321.9k NOK (op. margin 13.5% → -1.3%). Calculated
↓
Equity eroded

Book equity 8.00m NOK → 7.63m NOK (equity ratio 40.9% → 32.9%). Calculated
↓
Cash fell

Bank deposits 1.99m NOK → 577.4k NOK (-71.0% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (1.99m NOK → 577.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 19.63m NOK → 15.94m NOK (-18.8% YoY). Calculated