A2 DRIFT AS: årsregnskap 2011 vs 2010
Grew 76% on revenue, stronger earnings
approved 2012-03-23; registry 2012-04-16; journal 2012 335515
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A2 DRIFT AS. Revenue 1.32m NOK → 2.32m NOK (+76.2%). Net result +288.7k NOK → +833.9k NOK. Equity 869.6k NOK → 703.5k NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for A2 DRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.32m NOK to 2.32m NOK (+76.2% YoY). Calculated
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↑
Net result improved
Net result +288.7k NOK → +833.9k NOK (net margin 21.9% → 35.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.42× → 16.02×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 869.6k NOK → 703.5k NOK (equity ratio 8.3% → 7.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 48.5k NOK → 2.10m NOK (4% → 90% of revenue). Calculated