AH TERMINALEN AS: årsregnskap 2010 vs 2009
Grew 8% on revenue, stronger earnings, cash halved-plus
approved 2011-04-14; registry 2011-08-15; journal 2011 579639
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AH TERMINALEN AS. Revenue 1.92m NOK → 2.09m NOK (+8.5%). Net result +272.9k NOK → +457.9k NOK. Equity 490.6k NOK → 3.95m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AH TERMINALEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.92m NOK to 2.09m NOK (+8.5% YoY). Calculated
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↑
Net result improved
Net result +272.9k NOK → +457.9k NOK (net margin 14.2% → 21.9%). Calculated
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↑
Equity strengthened
Book equity 490.6k NOK → 3.95m NOK (equity ratio 2.1% → 17.6%). Calculated
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↑
Owners injected capital
Paid-in equity rose 17.4k NOK → 3.02m NOK (+3.00m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 1.08m NOK → 216.2k NOK (-79.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.08m NOK → 216.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation