A OLSEN & SØNN AS: årsregnskap 2011 vs 2010
Shrank 58% on revenue, returned to profit
approved 2012-05-18; registry 2012-06-13; journal 2012 425003
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A OLSEN & SØNN AS. Revenue 754.5k NOK → 314.4k NOK (-58.3%). Net result -29.8k NOK → +124.0k NOK. Equity 226.6k NOK → 350.7k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -17.5k NOK → +176.0k NOK (op. margin -2.3% → 56.0%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 29.8k NOK to a profit of 124.0k NOK. Calculated
-
↑
Equity strengthened
Book equity 226.6k NOK → 350.7k NOK (equity ratio 25.5% → 81.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 754.5k NOK to 314.4k NOK (-58.3% YoY). Calculated
-
↓
Cash fell
Bank deposits 415.3k NOK → 290.4k NOK (-30.1% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 289.9k NOK → 454.9k NOK (38% → 145% of revenue). Calculated