FirmaIQ
Org.nr 893 011 242 2009 → 2010 Year-over-year analysis

ADVANTEK ENGINEERING AS: årsregnskap 2010 vs 2009

Grew 110% on revenue, stronger earnings

approved 2011-06-30; registry 2011-09-13; journal 2011 754717

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ADVANTEK ENGINEERING AS. Revenue 603.3k NOK → 1.26m NOK (+109.6%). Net result +503.9k NOK → +98.50m NOK. Equity 167.7k NOK → 167.6k NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
603.3k NOK 1.26m NOK
+109.6%
Operating result
+700.55bn NOK +441.5k NOK
-100.0%
Net result
+503.9k NOK +98.50m NOK
+19448.7%
Equity
167.7k NOK 167.6k NOK
-0.1%
Cash
44.3k NOK 153.1k NOK
+246.0%
Total assets
5 237 NOK 717.2k NOK
+13595.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 603.3k NOK to 1.26m NOK (+109.6% YoY). Calculated

  • ↑

    Net result improved

    Net result +503.9k NOK → +98.50m NOK (net margin 83.5% → 7788.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 44.3k NOK → 153.1k NOK (+246.0% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.01× → 1.31×. Calculated

  • ↑

    Payroll decreased

    Salary cost 730.4k NOK → 444.5k NOK (121% → 35% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +700.55bn NOK → +441.5k NOK (op. margin 116118287.7% → 34.9%). Calculated