GELATO ASA: årsregnskap 2010 vs 2009
Grew 56% on revenue, weaker earnings
approved 2011-06-30; registry 2011-07-30; journal 2011 549335
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for GELATO ASA. Revenue 18.94m NOK → 29.49m NOK (+55.7%). Net result -3.23m NOK → -5.87m NOK. Equity -7.67m NOK → -13.47m NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for GELATO ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 18.94m NOK to 29.49m NOK (+55.7% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -3.23m NOK → -5.87m NOK (net margin -17.0% → -19.9%). Calculated
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↓
Equity eroded
Book equity -7.67m NOK → -13.47m NOK (equity ratio -163.3% → -112.7%). Calculated
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↓
Cash fell
Bank deposits 513.7k NOK → 262.4k NOK (-48.9% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 5.58m NOK → 7.81m NOK (+40.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3 410 NOK → 129.8k NOK. Reported fact