70 NORDVEKST AS: årsregnskap 2011 vs 2010
Grew 7% on revenue, weaker earnings
approved 2012-06-11; registry 2012-06-19; journal 2012 440967
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 70 NORDVEKST AS. Revenue 7.68m NOK → 8.22m NOK (+7.0%). Net result +105.8k NOK → +8 742 NOK. Equity 71.3k NOK → 80.1k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 70 NORDVEKST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.68m NOK to 8.22m NOK (+7.0% YoY). Calculated
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↑
Equity strengthened
Book equity 71.3k NOK → 80.1k NOK (equity ratio 0.7% → 0.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +461.2k NOK → +368.4k NOK (op. margin 6.0% → 4.5%). Calculated
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↓
Net result weakened
Net result +105.8k NOK → +8 742 NOK (net margin 1.4% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 556.1k NOK → 418.6k NOK (-24.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.87m NOK → 4.07m NOK (50% → 49% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.25m NOK → 1.69m NOK (+34.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10.3k NOK → 13.8k NOK. Reported fact