AJ PRODUKTER AS: årsregnskap 2010 vs 2009
Mixed movements in the accounts
approved 2011-03-31; registry 2011-07-16; journal 2011 510251
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AJ PRODUKTER AS. Revenue 67.32m NOK → 67.53m NOK (+0.3%). Equity 12.58m NOK → 2.25m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AJ PRODUKTER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 67.32m NOK to 67.53m NOK (+0.3% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +1.86m NOK → +1.62m NOK (op. margin 2.8% → 2.4%). Calculated
-
↓
Equity eroded
Book equity 12.58m NOK → 2.25m NOK (equity ratio 50.6% → 10.9%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.50× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2.62m NOK → 3.03m NOK (4% → 4% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 57.63m NOK → 58.72m NOK (+1.9% YoY). Calculated