SMARTDOK AS: årsregnskap 2010 vs 2009
Grew 119% on revenue, stronger earnings
approved 07.06.2011; registry 02.07.2011; journal 2011 464217
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for SMARTDOK AS. Revenue 2.15m NOK → 4.70m NOK (+118.7%). Net result +37.7k NOK → +1.04m NOK. Equity 287.9k NOK → 501.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. 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 2.15m NOK to 4.70m NOK (+118.7% YoY). Calculated
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Operating result improved
Operating result +42.2k NOK → +1.42m NOK (op. margin 2.0% → 30.1%). Calculated
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Net result improved
Net result +37.7k NOK → +1.04m NOK (net margin 1.8% → 22.2%). Calculated
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Equity strengthened
Book equity 287.9k NOK → 501.1k NOK (equity ratio 30.7% → 19.5%). Calculated
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Cash rose
Bank deposits 461.2k NOK → 1.40m NOK (+204.2% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 90.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 1.22m NOK → 2.21m NOK (57% → 47% of revenue). Calculated
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COGS fell
COGS / varekostnad 89.1k NOK → 23.9k NOK (-73.1% YoY). Calculated