Org.nr 931 904 485 2010 → 2011 Year-over-year analysis

A LEVERSUND & CO AS: årsregnskap 2011 vs 2010

Shrank 56% on revenue, cash halved-plus

approved 2012-06-17; registry 2012-06-27; journal 2012 465931

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for A LEVERSUND & CO AS. Revenue 3.68m NOK → 1.62m NOK (-55.9%). Equity 546.4k NOK → 562.8k NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A LEVERSUND & CO AS.

At a glance

Revenue

3.68m NOK 1.62m NOK

-55.9%

Operating result

+28.9k NOK +24.8k NOK

-13.9%

Net result

+18.0k NOK n/m

—

Equity

546.4k NOK 562.8k NOK

+3.0%

Cash

87.3k NOK 27.6k NOK

-68.4%

Total assets

1.30m NOK 1.20m NOK

-7.7%

↑
Equity strengthened

Book equity 546.4k NOK → 562.8k NOK (equity ratio 41.9% → 46.8%). Calculated
↑
Payroll decreased

Salary cost 8.98m NOK → 440.5k NOK (244% → 27% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 3.68m NOK to 1.62m NOK (-55.9% YoY). Calculated
↓
Operating result weakened

Operating result +28.9k NOK → +24.8k NOK (op. margin 0.8% → 1.5%). Calculated
↓
Cash fell

Bank deposits 87.3k NOK → 27.6k NOK (-68.4% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.32× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated