Org.nr 992 414 561 2010 → 2011 Year-over-year analysis

A. WAAG & CO. AS: årsregnskap 2011 vs 2010

Shrank 8% on revenue

approved 2012-03-20; registry 2012-04-19; journal 2012 342807

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for A. WAAG & CO. AS. Revenue 5.53m NOK → 5.11m NOK (-7.7%). Equity 926.1k NOK → 238.2k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. WAAG & CO. AS.

At a glance

Revenue

5.53m NOK 5.11m NOK

-7.7%

Operating result

+688.2k NOK n/m

—

Equity

926.1k NOK 238.2k NOK

-74.3%

Cash

n/m 1.05m NOK

—

Total assets

2.97m NOK 2.27m NOK

-23.6%

↑
Payroll decreased

Salary cost 3.01m NOK → 2.96m NOK (54% → 58% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.53m NOK to 5.11m NOK (-7.7% YoY). Calculated
↓
Equity eroded

Book equity 926.1k NOK → 238.2k NOK (equity ratio 31.2% → 10.5%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.26× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Book investments changed

Investment / intangible book value 160.2k NOK → 4 160 NOK. Reported fact