FirmaIQ
Org.nr 916 591 144 2010 → 2011 Year-over-year analysis

A/S SØRENSEN OG BALCHEN: årsregnskap 2011 vs 2010

Shrank 98% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for A/S SØRENSEN OG BALCHEN. Revenue 16.44bn NOK → 380.16m NOK (-97.7%). Net result +50.40m NOK → +65.08m NOK. Equity 202.72m NOK → 4.27bn NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S SØRENSEN OG BALCHEN.

At a glance

Scorecard

Revenue
16.44bn NOK 380.16m NOK
-97.7%
Operating result
+58.74m NOK +77.89m NOK
+32.6%
Net result
+50.40m NOK +65.08m NOK
+29.1%
Equity
202.72m NOK 4.27bn NOK
+2005.2%
Cash
6.22m NOK 65.57m NOK
+954.0%
Total assets
297.54m NOK 337.98m NOK
+13.6%

What improved

  • ↑

    Operating result improved

    Operating result +58.74m NOK → +77.89m NOK (op. margin 0.4% → 20.5%). Calculated

  • ↑

    Net result improved

    Net result +50.40m NOK → +65.08m NOK (net margin 0.3% → 17.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 202.72m NOK → 4.27bn NOK (equity ratio 68.1% → 1262.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 6.22m NOK → 65.57m NOK (+954.0% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 16.44bn NOK to 380.16m NOK (-97.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 249.38m NOK → 11 NOK (-100.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 111.95m NOK → 102.62m NOK. Reported fact