ACINI HOLDING AS: årsregnskap 2011 vs 2010
Grew 196% on revenue, stronger earnings, cash halved-plus
approved 2012-06-30; registry 2012-09-15; journal 2012 779141
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACINI HOLDING AS. Revenue 250 NOK → 740 NOK (+196.0%). Net result +240.63m NOK → +714.62m NOK. Equity -1.06m NOK → -633.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ACINI HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 250 NOK to 740 NOK (+196.0% YoY). Calculated
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↑
Net result improved
Net result +240.63m NOK → +714.62m NOK (net margin 96253409.6% → 96570733.0%). Calculated
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↑
Equity strengthened
Book equity -1.06m NOK → -633.5k NOK (equity ratio -25.6% → -18.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 5.05m NOK → 451.6k NOK (-91.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.05m NOK → 451.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 3.08m NOK → 1 NOK. Reported fact