ACCOUNTOR CREDIT AS: årsregnskap 2011 vs 2010
Shrank 16% on revenue, stronger earnings
approved 2012-06-21; registry 2012-08-28; journal 2012 659785
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACCOUNTOR CREDIT AS. Revenue 9.37m NOK → 7.89m NOK (-15.8%). Net result +186.6k NOK → +268.3k NOK. Equity 2.28m NOK → 2.54m NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCOUNTOR CREDIT AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +186.6k NOK → +268.3k NOK (net margin 2.0% → 3.4%). Calculated
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↑
Equity strengthened
Book equity 2.28m NOK → 2.54m NOK (equity ratio 37.3% → 41.6%). Calculated
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↑
Payroll decreased
Salary cost 4.08m NOK → 3.49m NOK (44% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.37m NOK to 7.89m NOK (-15.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.23× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 479 NOK → 2 372 NOK. Reported fact