ACTUS AS: årsregnskap 2010 vs 2009
Grew 26% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ACTUS AS. Revenue 4.56m NOK → 5.74m NOK (+26.0%). Net result +188.4k NOK → +504.6k NOK. Equity 759.9k NOK → 513.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ACTUS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.56m NOK to 5.74m NOK (+26.0% YoY). Calculated
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Operating result improved
Operating result +299.7k NOK → +738.2k NOK (op. margin 6.6% → 12.9%). Calculated
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Net result improved
Net result +188.4k NOK → +504.6k NOK (net margin 4.1% → 8.8%). Calculated
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Current ratio back above 1×
Current ratio 0.61× → 1295.40×. Calculated
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Payroll decreased
Salary cost 3.27m NOK → 1 NOK (72% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 759.9k NOK → 513.5k NOK (equity ratio 38.3% → 22.6%). Calculated
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↓
Cash fell
Bank deposits 575.8k NOK → 523.8k NOK (-9.0% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 755.0k NOK → 500.0k NOK — check capital reduction, conversion, or reclassification. Interpretation