A. SPORT AS: årsregnskap 2011 vs 2010
Shrank 8% on revenue, weaker earnings
approved 2012-06-20; registry 2012-08-25; journal 2012 648569
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A. SPORT AS. Revenue 7.88m NOK → 7.22m NOK (-8.4%). Net result +481.8k NOK → +221.6k NOK. Equity 1.89m NOK → 2.11m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. SPORT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.89m NOK → 2.11m NOK (equity ratio 63.6% → 66.4%). Calculated
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↑
Payroll decreased
Salary cost 2.97m NOK → 1.38m NOK (38% → 19% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.88m NOK to 7.22m NOK (-8.4% YoY). Calculated
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↓
Operating result weakened
Operating result +718.6k NOK → +355.0k NOK (op. margin 9.1% → 4.9%). Calculated
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↓
Net result weakened
Net result +481.8k NOK → +221.6k NOK (net margin 6.1% → 3.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.01m NOK → 4.35m NOK (-13.1% YoY). Calculated