ADVICE MANAGEMENT CONSULTING AS: årsregnskap 2010 vs 2009
Grew 26% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVICE MANAGEMENT CONSULTING AS. Revenue 756.5k NOK → 952.2k NOK (+25.9%). Equity 353.3k NOK → 373.7k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVICE MANAGEMENT CONSULTING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 756.5k NOK to 952.2k NOK (+25.9% YoY). Calculated
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↑
Equity strengthened
Book equity 353.3k NOK → 373.7k NOK (equity ratio 28.0% → 33.0%). Calculated
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↑
Payroll decreased
Salary cost 2.26m NOK → 677.7k NOK (299% → 71% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +64.2k NOK → +22.7k NOK (op. margin 8.5% → 2.4%). Calculated
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↓
Cash fell
Bank deposits 377.2k NOK → 157.9k NOK (-58.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 653.7k NOK → 692.6k NOK. Reported fact