A HEIMHOLT AS: årsregnskap 2011 vs 2010
Shrank 15% on revenue, cash halved-plus
approved 2012-06-22; registry 2012-07-09; journal 2012 508730
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A HEIMHOLT AS. Revenue 5.04m NOK → 4.29m NOK (-14.8%). Equity -468.6k NOK → -366.9k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A HEIMHOLT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -468.6k NOK → -366.9k NOK (equity ratio -43.6% → -66.8%). Calculated
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↑
Payroll decreased
Salary cost 2.86m NOK → 2.16m NOK (57% → 50% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.04m NOK to 4.29m NOK (-14.8% YoY). Calculated
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↓
Cash fell
Bank deposits 25.8k NOK → 12.4k NOK (-52.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -66.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.28m NOK → 1.48m NOK (-34.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 21.2k NOK → 574 NOK. Reported fact