ABBOTT MEDICAL NORWAY AS: årsregnskap 2011 vs 2010
Grew 24% on revenue, returned to profit, cash halved-plus
approved 2013-01-11; registry 2013-01-14; journal 2013 300905
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABBOTT MEDICAL NORWAY AS. Revenue 63.37m NOK → 78.66m NOK (+24.1%). Net result -219.4k NOK → +186.5k NOK. Equity 784.9k NOK → 971.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABBOTT MEDICAL NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 63.37m NOK to 78.66m NOK (+24.1% YoY). Calculated
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Operating result improved
Operating result +321.9k NOK → +1.55m NOK (op. margin 0.5% → 2.0%). Calculated
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Turned profitable
Net result flipped from a loss of 219.4k NOK to a profit of 186.5k NOK. Calculated
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Equity strengthened
Book equity 784.9k NOK → 971.5k NOK (equity ratio 4.0% → 5.6%). Calculated
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Owners injected capital
Paid-in equity rose 100.0k NOK → 971.5k NOK (+871.5k NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 8.32m NOK → 3.17m NOK (-61.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (8.32m NOK → 3.17m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 8.07m NOK → 11.82m NOK (13% → 15% of revenue). Calculated
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COGS moved
COGS / varekostnad 45.27m NOK → 55.76m NOK (+23.2% YoY). Calculated