A G VIGEMYR AS: årsregnskap 2011 vs 2010
Stronger earnings, cash halved-plus
approved 2012-06-22; registry 2012-07-23; journal 2012 558717
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A G VIGEMYR AS. Revenue 30.10m NOK → 29.51m NOK (-2.0%). Net result +180.4k NOK → +445.1k NOK. Equity 4.52m NOK → 4.97m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A G VIGEMYR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +211.6k NOK → +589.3k NOK (op. margin 0.7% → 2.0%). Calculated
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↑
Net result improved
Net result +180.4k NOK → +445.1k NOK (net margin 0.6% → 1.5%). Calculated
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↑
Equity strengthened
Book equity 4.52m NOK → 4.97m NOK (equity ratio 54.6% → 66.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 30.10m NOK to 29.51m NOK (-2.0% YoY). Calculated
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↓
Cash fell
Bank deposits 1.90m NOK → 885.5k NOK (-53.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.22m NOK → 2.30m NOK (7% → 8% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 25.44m NOK → 24.34m NOK (-4.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 34.8k NOK → 384.8k NOK. Reported fact