SMARTDOK AS: årsregnskap 2009 vs 2008
Grew 60% on revenue, weaker earnings
approved 29.06.2010; registry 21.08.2010; journal 2010 610456
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for SMARTDOK AS. Revenue 1.34m NOK → 2.15m NOK (+60.0%). Net result +119.5k NOK → +37.7k NOK. Equity 250.2k NOK → 287.9k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for SMARTDOK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.34m NOK to 2.15m NOK (+60.0% YoY). Calculated
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↑
Equity strengthened
Book equity 250.2k NOK → 287.9k NOK (equity ratio 33.1% → 30.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +127.8k NOK → +42.2k NOK (op. margin 9.5% → 2.0%). Calculated
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↓
Net result weakened
Net result +119.5k NOK → +37.7k NOK (net margin 8.9% → 1.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 687.0k NOK → 1.22m NOK (51% → 57% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 64.6k NOK → 89.1k NOK (+37.9% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 2 → 2.5. Reported fact