A'HEAD EXECUTIVE AS: årsregnskap 2011 vs 2010
Shrank 17% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A'HEAD EXECUTIVE AS. Revenue 9.65m NOK → 8.02m NOK (-16.9%). Net result +449.9k NOK → +756.3k NOK. Equity 841.7k NOK → 598.0k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +914.6k NOK → +994.2k NOK (op. margin 9.5% → 12.4%). Calculated
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Net result improved
Net result +449.9k NOK → +756.3k NOK (net margin 4.7% → 9.4%). Calculated
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Payroll decreased
Salary cost 5.87m NOK → 2 011 NOK (61% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.65m NOK to 8.02m NOK (-16.9% YoY). Calculated
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↓
Equity eroded
Book equity 841.7k NOK → 598.0k NOK (equity ratio 10.1% → 12.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.00× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated