ADDBRAND NORWAY AS: årsregnskap 2010 vs 2009
Shrank 14% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADDBRAND NORWAY AS. Revenue 108.92m NOK → 93.71m NOK (-14.0%). Net result -3.00m NOK → +1.92m NOK. Equity 27.25m NOK → 15.37m NOK.
On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADDBRAND NORWAY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -5.34m NOK → -1.61m NOK (op. margin -4.9% → -1.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 3.00m NOK to a profit of 1.92m NOK. Calculated
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↑
Payroll decreased
Salary cost 32.49m NOK → 79.9k NOK (30% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 108.92m NOK to 93.71m NOK (-14.0% YoY). Calculated
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↓
Equity eroded
Book equity 27.25m NOK → 15.37m NOK (equity ratio 44.9% → 89.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 64.23m NOK → 57.02m NOK (-11.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 17.56m NOK → 20.08m NOK. Reported fact