FirmaIQ
Org.nr 977 037 093 2009 → 2010 Year-over-year analysis

TECHSTEP ASA: årsregnskap 2010 vs 2009

Shrank 30% on revenue, cash halved-plus, fresh owner capital

approved 2011-05-20; registry 2011-09-13; journal 2011 730270

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for TECHSTEP ASA. Revenue 59.56m NOK → 41.68m NOK (-30.0%). Equity 145.18m NOK → 113.33m NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for TECHSTEP ASA.

At a glance

Scorecard

Revenue
59.56m NOK 41.68m NOK
-30.0%
Operating result
n/m -34.66m NOK
—
Equity
145.18m NOK 113.33m NOK
-21.9%
Cash
40.10m NOK 8.72m NOK
-78.3%
Total assets
199.50m NOK 146.79m NOK
-26.4%

What improved

  • ↑

    Owners injected capital

    Paid-in equity rose 354.5k NOK → 350.56m NOK (+350.21m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 59.56m NOK to 41.68m NOK (-30.0% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 145.18m NOK → 113.33m NOK (equity ratio 72.8% → 77.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 40.10m NOK → 8.72m NOK (-78.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (40.10m NOK → 8.72m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 9.93m NOK → 5.60m NOK (-43.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 50.0k NOK → 107.81m NOK. Reported fact