FirmaIQ
Org.nr 976 594 622 2008 → 2009 Year-over-year analysis

ACTIVE GOLF AS: årsregnskap 2009 vs 2008

Shrank 9% on revenue, weaker earnings

approved 2010-06-30; registry 2010-08-17; journal 2010 596773

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ACTIVE GOLF AS. Revenue 2.85m NOK → 2.59m NOK (-9.1%). Net result +172.6k NOK → +113.4k NOK. Equity 389.2k NOK → 275.7k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.85m NOK 2.59m NOK
-9.1%
Operating result
+242.4k NOK +152.3k NOK
-37.2%
Net result
+172.6k NOK +113.4k NOK
-34.3%
Equity
389.2k NOK 275.7k NOK
-29.1%
Cash
55.1k NOK 66.6k NOK
+21.0%
Total assets
566.1k NOK 572.6k NOK
+1.1%

What improved

  • ↑

    Cash rose

    Bank deposits 55.1k NOK → 66.6k NOK (+21.0% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.85m NOK to 2.59m NOK (-9.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +242.4k NOK → +152.3k NOK (op. margin 8.5% → 5.9%). Calculated

  • ↓

    Net result weakened

    Net result +172.6k NOK → +113.4k NOK (net margin 6.0% → 4.4%). Calculated

  • ↓

    Equity eroded

    Book equity 389.2k NOK → 275.7k NOK (equity ratio 68.7% → 48.2%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 315.7k NOK → 537.6k NOK (11% → 21% of revenue). Calculated