FirmaIQ
Org.nr 991 711 392 2010 → 2011 Year-over-year analysis

4SUBSEA AS: årsregnskap 2011 vs 2010

Grew 35% on revenue, weaker earnings

approved 2012-05-11; registry 2012-05-21; journal 2012 379653

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for 4SUBSEA AS. Revenue 64.03m NOK → 86.50m NOK (+35.1%). Net result +5.65m NOK → +2 011 NOK. Equity 9.94m NOK → 12.95m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.

Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4SUBSEA AS.

At a glance

Scorecard

Revenue
64.03m NOK 86.50m NOK
+35.1%
Operating result
n/m +7.60m NOK
—
Net result
+5.65m NOK +2 011 NOK
-100.0%
Equity
9.94m NOK 12.95m NOK
+30.3%
Cash
6.29m NOK 8.15m NOK
+29.5%
Total assets
25.30m NOK 33.55m NOK
+32.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 64.03m NOK to 86.50m NOK (+35.1% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 9.94m NOK → 12.95m NOK (equity ratio 39.3% → 38.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 6.29m NOK → 8.15m NOK (+29.5% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +5.65m NOK → +2 011 NOK (net margin 8.8% → 0.0%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 3.89m NOK → 3.00m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 32.34m NOK → 38.30m NOK (51% → 44% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 14.55m NOK → 26.39m NOK (+81.4% YoY). Calculated