FirmaIQ
Org.nr 984 735 227 2009 → 2010 Year-over-year analysis

AIBEL AS: årsregnskap 2010 vs 2009

Weaker earnings, cash halved-plus

approved 2011-04-27; registry 2011-06-09; journal 2011 393641

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for AIBEL AS. Revenue 6.39bn NOK → 6.40bn NOK (+0.2%). Net result +217.79m NOK → +579.5k NOK. Equity 1.04bn NOK → 1.62bn NOK.

On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AIBEL AS.

At a glance

Scorecard

Revenue
6.39bn NOK 6.40bn NOK
+0.2%
Operating result
+2 008 NOK +7 NOK
-99.7%
Net result
+217.79m NOK +579.5k NOK
-99.7%
Equity
1.04bn NOK 1.62bn NOK
+55.6%
Cash
120.59m NOK 160.8k NOK
-99.9%
Total assets
4.65bn NOK 3.99bn NOK
-14.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.39bn NOK to 6.40bn NOK (+0.2% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 1.04bn NOK → 1.62bn NOK (equity ratio 22.4% → 40.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.90bn NOK → 3.73bn NOK (61% → 58% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +2 008 NOK → +7 NOK (op. margin 0.0% → 0.0%). Calculated

  • ↓

    Net result weakened

    Net result +217.79m NOK → +579.5k NOK (net margin 3.4% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 120.59m NOK → 160.8k NOK (-99.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (120.59m NOK → 160.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 273.19m NOK → 185.83m NOK (-32.0% YoY). Calculated