Org.nr 887 009 392 2010 → 2011 Year-over-year analysis

A.HILDONEN BAKERI & KONDITORI AS: årsregnskap 2011 vs 2010

Another loss-making year

approved 2012-06-30; registry 2012-08-06; journal 2012 583728

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for A.HILDONEN BAKERI & KONDITORI AS. Revenue 10.58m NOK → 10.57m NOK (-0.1%). Equity 307.1k NOK → -113.0k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A.HILDONEN BAKERI & KONDITORI AS.

At a glance

Revenue

10.58m NOK 10.57m NOK

-0.1%

Net result

n/m -420.1k NOK

—

Equity

307.1k NOK -113.0k NOK

-136.8%

Cash

n/m 0 NOK

—

Total assets

3.34m NOK 2.90m NOK

-13.1%

↑
Payroll decreased

Salary cost 5.13m NOK → 4.82m NOK (48% → 46% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 10.58m NOK to 10.57m NOK (-0.1% YoY). Calculated
↓
Equity eroded

Book equity 307.1k NOK → -113.0k NOK (equity ratio 9.2% → -3.9%). Calculated

·
Thin equity buffer

Equity ratio is -3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 3.20m NOK → 2.81m NOK (-12.3% YoY). Calculated