BEVEST ASA: årsregnskap 2010 vs 2009
Shrank 99% on revenue, weaker earnings, cash halved-plus
approved 2011-04-06; registry 2011-06-15; journal 2011 410509
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for BEVEST ASA. Revenue 150.0k NOK → 793 NOK (-99.5%). Net result +8.61m NOK → +5.91m NOK. Equity 82.28m NOK → 87.78m NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for BEVEST ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +3.88m NOK → +9.40m NOK (op. margin 2590.0% → 1185876.4%). Calculated
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↑
Equity strengthened
Book equity 82.28m NOK → 87.78m NOK (equity ratio 65.6% → 67868.4%). Calculated
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↑
Payroll decreased
Salary cost 18.15m NOK → 14.1k NOK (12101% → 1780% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 150.0k NOK to 793 NOK (-99.5% YoY). Calculated
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↓
Net result weakened
Net result +8.61m NOK → +5.91m NOK (net margin 5736.7% → 744892.8%). Calculated
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↓
Cash fell
Bank deposits 19.17m NOK → 1.29m NOK (-93.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (19.17m NOK → 1.29m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 80.79m NOK → 84.49m NOK. Reported fact