A 1 BYGGMESTER JOHAN AS: årsregnskap 2011 vs 2010
Grew 8% on revenue, weaker earnings, cash halved-plus
approved 2012-09-27; registry 2012-10-17; journal 2012 803378
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A 1 BYGGMESTER JOHAN AS. Revenue 1.97m NOK → 2.12m NOK (+7.6%). Net result -1.72m NOK → -2.33m NOK. Equity -172.0k NOK → -500.1k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for A 1 BYGGMESTER JOHAN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.97m NOK to 2.12m NOK (+7.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -1.72m NOK → -2.33m NOK (net margin -87.4% → -109.7%). Calculated
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↓
Equity eroded
Book equity -172.0k NOK → -500.1k NOK (equity ratio -4.0% → -30.9%). Calculated
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↓
Cash fell
Bank deposits 499.9k NOK → 158.9k NOK (-68.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -30.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 200 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 684.5k NOK → 828.8k NOK (35% → 39% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 624.4k NOK → 677.0k NOK (+8.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5.76m NOK → 623.5k NOK. Reported fact