ACCOUNTRA SOFTWARE AS: årsregnskap 2011 vs 2010
Grew 128% on revenue, weaker earnings
approved 2011-06-23; registry 2012-06-28; journal 2012 475670
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACCOUNTRA SOFTWARE AS. Revenue 842.4k NOK → 1.92m NOK (+127.6%). Net result +154.8k NOK → +68.4k NOK. Equity 105.7k NOK → 174 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ACCOUNTRA SOFTWARE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 842.4k NOK to 1.92m NOK (+127.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +181.3k NOK → +92.2k NOK (op. margin 21.5% → 4.8%). Calculated
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↓
Net result weakened
Net result +154.8k NOK → +68.4k NOK (net margin 18.4% → 3.6%). Calculated
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↓
Equity eroded
Book equity 105.7k NOK → 174 NOK (equity ratio 25.0% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 91.4k NOK → 77.9k NOK (-14.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.05m NOK → 1.25m NOK (125% → 65% of revenue). Calculated