ADVENTURE PHOTO AS: årsregnskap 2010 vs 2009
Grew 7% on revenue, slipped into loss
approved 2011-05-30; registry 2011-06-11; journal 2011 397239
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVENTURE PHOTO AS. Revenue 702.2k NOK → 752.4k NOK (+7.1%). Net result +203.7k NOK → -86.6k NOK. Equity 274.5k NOK → 187.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVENTURE PHOTO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 702.2k NOK to 752.4k NOK (+7.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +203.7k NOK → -118.6k NOK (op. margin 29.0% → -15.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 203.7k NOK profit to a loss of 86.6k NOK. Calculated
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↓
Equity eroded
Book equity 274.5k NOK → 187.8k NOK (equity ratio 71.1% → 73.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 2.12m NOK (0% → 281% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 486 NOK → 663.5k NOK (+136419.8% YoY). Calculated