AESSEAL NORDIC AS: årsregnskap 2010 vs 2009
Shrank 31% on revenue, weaker earnings
approved 2011-04-05; registry 2011-08-17; journal 2011 596569
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AESSEAL NORDIC AS. Revenue 5.14m NOK → 3.55m NOK (-30.9%). Net result +244.4k NOK → +120.6k NOK. Equity 685.8k NOK → 806.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AESSEAL NORDIC AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 685.8k NOK → 806.3k NOK (equity ratio 25.2% → 27.8%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.14m NOK to 3.55m NOK (-30.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +255.3k NOK → +140.6k NOK (op. margin 5.0% → 4.0%). Calculated
-
↓
Net result weakened
Net result +244.4k NOK → +120.6k NOK (net margin 4.8% → 3.4%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.95m NOK → 6.89m NOK (38% → 194% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 220.3k NOK → 130.7k NOK (-40.7% YoY). Calculated