AKA SYSTEM INVEST AS: årsregnskap 2010 vs 2009
Grew 15% on revenue, weaker earnings
approved 2011-02-15; registry 2011-04-27; journal 2011 344771
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AKA SYSTEM INVEST AS. Revenue 440.5k NOK → 507.8k NOK (+15.3%). Net result +58.2k NOK → +6 075 NOK. Equity 214.7k NOK → 220.7k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AKA SYSTEM INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 440.5k NOK to 507.8k NOK (+15.3% YoY). Calculated
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↑
Equity strengthened
Book equity 214.7k NOK → 220.7k NOK (equity ratio 60.6% → 70.5%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +80.5k NOK → +8 333 NOK (op. margin 18.3% → 1.6%). Calculated
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↓
Net result weakened
Net result +58.2k NOK → +6 075 NOK (net margin 13.2% → 1.2%). Calculated
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↓
Cash fell
Bank deposits 262.9k NOK → 167.2k NOK (-36.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 272.2k NOK → 457.8k NOK (62% → 90% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 33.4k NOK → 31.3k NOK. Reported fact