1000 MILE NORGE AS: årsregnskap 2011 vs 2010
Grew 55% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 1000 MILE NORGE AS. Revenue 305.4k NOK → 472.0k NOK (+54.6%). Net result -348.6k NOK → -10.3k NOK. Equity -212.2k NOK → -222.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 1000 MILE NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 305.4k NOK to 472.0k NOK (+54.6% YoY). Calculated
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Operating result improved
Operating result -347.5k NOK → -8 477 NOK (op. margin -113.8% → -1.8%). Calculated
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Net result improved
Net result -348.6k NOK → -10.3k NOK (net margin -114.2% → -2.2%). Calculated
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Payroll decreased
Salary cost 10.3k NOK → 0 NOK (3% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -212.2k NOK → -222.5k NOK (equity ratio -93.8% → -84.5%). Calculated
Things to notice
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COGS moved
COGS / varekostnad 242.7k NOK → 343.0k NOK (+41.4% YoY). Calculated