62 NORD AS: årsregnskap 2011 vs 2010
Grew 36% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 62 NORD AS. Revenue 9.55m NOK → 13.01m NOK (+36.2%). Net result -1.31m NOK → -2.05m NOK. Equity 11.35m NOK → 9.29m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 62 NORD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.55m NOK to 13.01m NOK (+36.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -432.9k NOK → -1.51m NOK (op. margin -4.5% → -11.6%). Calculated
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↓
Net result weakened
Net result -1.31m NOK → -2.05m NOK (net margin -13.7% → -15.8%). Calculated
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↓
Equity eroded
Book equity 11.35m NOK → 9.29m NOK (equity ratio 27.2% → 24.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.58m NOK → 6.17m NOK (37% → 47% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 1.46m NOK → 739.7k NOK (-49.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 21.4k NOK → 12.6k NOK. Reported fact