A EGGEN AS: årsregnskap 2011 vs 2010
Grew 10% on revenue, weaker earnings
approved 2012-06-30; registry 2012-08-21; journal 2012 622974
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A EGGEN AS. Revenue 9.48m NOK → 10.43m NOK (+10.1%). Net result +236.2k NOK → +128.1k NOK. Equity 3.24m NOK → 3.37m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A EGGEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.48m NOK to 10.43m NOK (+10.1% YoY). Calculated
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↑
Equity strengthened
Book equity 3.24m NOK → 3.37m NOK (equity ratio 57.7% → 58.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.72× → 2.19×. Calculated
What deteriorated
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↓
Net result weakened
Net result +236.2k NOK → +128.1k NOK (net margin 2.5% → 1.2%). Calculated
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↓
Cash fell
Bank deposits 1.70m NOK → 1.66m NOK (-2.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.47m NOK → 2.48m NOK (26% → 24% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.29m NOK → 6.39m NOK (+20.9% YoY). Calculated