MAGNORA ASA: årsregnskap 2010 vs 2009
Grew 59% on revenue, slipped into loss
approved 2011-03-30; registry 2011-09-09; journal 2011 704170
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for MAGNORA ASA. Revenue 53.81m NOK → 85.77m NOK (+59.4%). Net result +7 NOK → -168.88m NOK. Equity 310.9k NOK → 1.13bn NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; fell into a net loss.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for MAGNORA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 53.81m NOK to 85.77m NOK (+59.4% YoY). Calculated
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↑
Equity strengthened
Book equity 310.9k NOK → 1.13bn NOK (equity ratio 13.2% → 57.0%). Calculated
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↑
Cash rose
Bank deposits 55.40m NOK → 75.79m NOK (+36.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.70× → 2.53×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -7 664 NOK → -33.72m NOK (op. margin -0.0% → -39.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 7 NOK profit to a loss of 168.88m NOK. Calculated
Things to notice
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·
Payroll increased
Salary cost 31.40m NOK → 42.27m NOK (58% → 49% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 12.22m NOK → 2.71m NOK (-77.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.50bn NOK → 1.50bn NOK. Reported fact