A. WESTRE AS: årsregnskap 2011 vs 2010
Shrank 15% on revenue
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A. WESTRE AS. Revenue 15.80m NOK → 13.43m NOK (-15.0%). Equity 2.33m NOK → 2.74m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A. WESTRE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +351.0k NOK → +1.83m NOK (op. margin 2.2% → 13.6%). Calculated
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↑
Equity strengthened
Book equity 2.33m NOK → 2.74m NOK (equity ratio 16.1% → 22.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.80m NOK to 13.43m NOK (-15.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.45m NOK → 3.73m NOK (22% → 28% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.21m NOK → 4.97m NOK (-4.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 387.6k NOK → 206.3k NOK. Reported fact