ACE GOLF AS: årsregnskap 2011 vs 2010
Stronger earnings
approved 2012-04-25; registry 2012-06-27; journal 2012 467003
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACE GOLF AS. Revenue 4.62m NOK → 4.82m NOK (+4.5%). Net result +136.3k NOK → +212.1k NOK. Equity 451.0k NOK → 663.1k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ACE GOLF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.62m NOK to 4.82m NOK (+4.5% YoY). Calculated
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↑
Net result improved
Net result +136.3k NOK → +212.1k NOK (net margin 3.0% → 4.4%). Calculated
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↑
Equity strengthened
Book equity 451.0k NOK → 663.1k NOK (equity ratio 46.9% → 351.1%). Calculated
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↑
Cash rose
Bank deposits 291.4k NOK → 507.5k NOK (+74.2% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.77× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 2.42m NOK → 2.57m NOK (+6.2% YoY). Calculated