ADVANCED CONTROL AS: årsregnskap 2010 vs 2009
Grew 985% on revenue, stronger earnings
approved 2011-03-15; registry 2011-05-18; journal 2011 366960
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVANCED CONTROL AS. Revenue 1.12m NOK → 12.15m NOK (+985.3%). Net result +321.4k NOK → +754.8k NOK. Equity 1.14m NOK → 4.36m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVANCED CONTROL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.12m NOK to 12.15m NOK (+985.3% YoY). Calculated
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↑
Operating result improved
Operating result -608.9k NOK → +2.83m NOK (op. margin -54.4% → 23.3%). Calculated
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↑
Net result improved
Net result +321.4k NOK → +754.8k NOK (net margin 28.7% → 6.2%). Calculated
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↑
Equity strengthened
Book equity 1.14m NOK → 4.36m NOK (equity ratio 43.8% → 39350.8%). Calculated
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↑
Cash rose
Bank deposits 286.3k NOK → 539.8k NOK (+88.6% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.32× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 797.0k NOK → 197.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 0 NOK → 6.23m NOK (0% → 51% of revenue). Calculated