99X INCREO AS: årsregnskap 2012 vs 2011
Grew 8% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 99X INCREO AS. Revenue 17.63m NOK → 18.98m NOK (+7.7%). Net result +468.8k NOK → +313.6k NOK. Equity 2.98m NOK → 2.67m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 99X INCREO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.63m NOK to 18.98m NOK (+7.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +374.9k NOK → +284.5k NOK (op. margin 2.1% → 1.5%). Calculated
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↓
Net result weakened
Net result +468.8k NOK → +313.6k NOK (net margin 2.7% → 1.7%). Calculated
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↓
Equity eroded
Book equity 2.98m NOK → 2.67m NOK (equity ratio 26.9% → 31.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 011 NOK → 11.86m NOK (0% → 62% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 205.4k NOK → 751.6k NOK (+265.8% YoY). Calculated