ACTIVE GOLF AS: årsregnskap 2010 vs 2009
Weaker earnings, cash halved-plus
approved 2011-04-30; registry 2011-07-18; journal 2011 517422
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ACTIVE GOLF AS. Revenue 2.59m NOK → 2.64m NOK (+1.9%). Net result +113.4k NOK → +10.6k NOK. Equity 275.7k NOK → 286.3k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACTIVE GOLF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.59m NOK to 2.64m NOK (+1.9% YoY). Calculated
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↑
Equity strengthened
Book equity 275.7k NOK → 286.3k NOK (equity ratio 48.2% → 37.0%). Calculated
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↑
Payroll decreased
Salary cost 537.6k NOK → 433.5k NOK (21% → 16% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +152.3k NOK → +23.0k NOK (op. margin 5.9% → 0.9%). Calculated
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↓
Net result weakened
Net result +113.4k NOK → +10.6k NOK (net margin 4.4% → 0.4%). Calculated
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↓
Cash fell
Bank deposits 66.6k NOK → 26.8k NOK (-59.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.87m NOK → 1.60m NOK (-14.3% YoY). Calculated