AB SERVICE AS: årsregnskap 2011 vs 2010
Grew 38% on revenue, returned to profit
approved 2012-04-20; registry 2012-08-23; journal 2012 642672
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AB SERVICE AS. Revenue 3.11m NOK → 4.30m NOK (+38.3%). Net result -169.7k NOK → +422.9k NOK. Equity 213.9k NOK → 636.7k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AB SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.11m NOK to 4.30m NOK (+38.3% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 169.7k NOK to a profit of 422.9k NOK. Calculated
-
↑
Equity strengthened
Book equity 213.9k NOK → 636.7k NOK (equity ratio 21.7% → 96.4%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.37× → 0.80× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.63m NOK → 1.80m NOK (52% → 42% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 952.8k NOK → 292.5k NOK (-69.3% YoY). Calculated