A MARINE AS: årsregnskap 2011 vs 2010
Grew 2811% on revenue, weaker earnings
approved 2012-06-30; registry 2012-08-16; journal 2012 613255
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A MARINE AS. Revenue 9 231 NOK → 268.7k NOK (+2811.3%). Net result +70.7k NOK → +17.1k NOK. Equity -522.5k NOK → -539.6k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for A MARINE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9 231 NOK to 268.7k NOK (+2811.3% YoY). Calculated
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↑
Operating result improved
Operating result -70.5k NOK → +17.4k NOK (op. margin -763.5% → 6.5%). Calculated
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Cash rose
Bank deposits 5 843 NOK → 43.1k NOK (+636.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio -1.77× → 1.19×. Calculated
What deteriorated
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↓
Net result weakened
Net result +70.7k NOK → +17.1k NOK (net margin 765.5% → 6.4%). Calculated
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↓
Equity eroded
Book equity -522.5k NOK → -539.6k NOK (equity ratio -7852.1% → -304.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3 101 NOK → 2.10m NOK (34% → 783% of revenue). Calculated