ACLIMA AS: årsregnskap 2011 vs 2010
Grew 3007% on revenue, weaker earnings, cash halved-plus
approved 2012-06-29; registry 2012-08-18; journal 2012 617603
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACLIMA AS. Revenue 1.79m NOK → 55.56m NOK (+3006.6%). Net result +4.73m NOK → +1.38m NOK. Equity 15.64m NOK → 17.02m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACLIMA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.79m NOK to 55.56m NOK (+3006.6% YoY). Calculated
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↑
Equity strengthened
Book equity 15.64m NOK → 17.02m NOK (equity ratio 56.3% → 61.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +7.27m NOK → +2.12m NOK (op. margin 406.8% → 3.8%). Calculated
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↓
Net result weakened
Net result +4.73m NOK → +1.38m NOK (net margin 264.6% → 2.5%). Calculated
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↓
Cash fell
Bank deposits 8.37m NOK → 2.51m NOK (-70.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (8.37m NOK → 2.51m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 6.41m NOK → 6.53m NOK (359% → 12% of revenue). Calculated
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COGS moved
COGS / varekostnad 28.32m NOK → 35.99m NOK (+27.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 150.0k NOK → 98.0k NOK. Reported fact