Org.nr 944 763 317 2010 → 2011 Year-over-year analysis

A/S SCAN AFRICAN: årsregnskap 2011 vs 2010

Shrank 19% on revenue

approved 2012-04-20; registry 2012-06-13; journal 2012 425984

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for A/S SCAN AFRICAN. Revenue 1.79m NOK → 1.45m NOK (-19.3%). Equity 2.31m NOK → 2.22m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S SCAN AFRICAN.

At a glance

Revenue

1.79m NOK 1.45m NOK

-19.3%

Equity

2.31m NOK 2.22m NOK

-3.9%

Cash

1.43m NOK 2.02m NOK

+41.0%

Total assets

5.11m NOK 5.76m NOK

+12.7%

↓
Revenue fell

Operating income / revenue moved from 1.79m NOK to 1.45m NOK (-19.3% YoY). Calculated
↓
Equity eroded

Book equity 2.31m NOK → 2.22m NOK (equity ratio 45.3% → 38.6%). Calculated
↓
Payroll up without matching revenue

Salary cost 549.2k NOK → 719.6k NOK (31% → 50% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 113.2k NOK → 577.6k NOK (+410.3% YoY). Calculated

·
Book investments changed

Investment / intangible book value 8.16m NOK → 155.9k NOK. Reported fact