2CARE HJEMMETJENESTER AS: årsregnskap 2011 vs 2010
Grew 29% on revenue
approved 2012-05-29; registry 2012-07-14; journal 2012 534941
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 2CARE HJEMMETJENESTER AS. Revenue 9.09m NOK → 11.71m NOK (+28.8%). Equity 703.5k NOK → 482.8k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 2CARE HJEMMETJENESTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.09m NOK to 11.71m NOK (+28.8% YoY). Calculated
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↑
Operating result improved
Operating result -41.9k NOK → +129.1k NOK (op. margin -0.5% → 1.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.52× → 1.07×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 703.5k NOK → 482.8k NOK (equity ratio 32.7% → 19.0%). Calculated
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↓
Cash fell
Bank deposits 890.8k NOK → 728.9k NOK (-18.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 6.45m NOK → 9.01m NOK (71% → 77% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 907.1k NOK → 423.1k NOK (-53.4% YoY). Calculated