A NIELSEN TRAFIKKSKOLE AS: årsregnskap 2011 vs 2010
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A NIELSEN TRAFIKKSKOLE AS. Revenue 3.20m NOK → 3.33m NOK (+4.1%). Net result +78.2k NOK → +181.6k NOK. Equity 778.6k NOK → 860.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for A NIELSEN TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.20m NOK to 3.33m NOK (+4.1% YoY). Calculated
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↑
Operating result improved
Operating result +184.6k NOK → +300.8k NOK (op. margin 5.8% → 9.0%). Calculated
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↑
Net result improved
Net result +78.2k NOK → +181.6k NOK (net margin 2.4% → 5.5%). Calculated
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↑
Equity strengthened
Book equity 778.6k NOK → 860.2k NOK (equity ratio 43.4% → 42.8%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.35× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.45m NOK → 1.46m NOK (45% → 44% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 334.4k NOK → 209.9k NOK (-37.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 77.7k NOK. Reported fact