ACRYLICON INDUSTRIGULV AS: årsregnskap 2011 vs 2010
Grew 24% on revenue, cash halved-plus
approved 2012-03-20; registry 2012-04-14; journal 2012 334803
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACRYLICON INDUSTRIGULV AS. Revenue 20.87m NOK → 25.84m NOK (+23.9%). Net result +7 NOK → +1 203 NOK. Equity 4.06m NOK → 3.42m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACRYLICON INDUSTRIGULV AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.87m NOK to 25.84m NOK (+23.9% YoY). Calculated
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↑
Net result improved
Net result +7 NOK → +1 203 NOK (net margin 0.0% → 0.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.06m NOK → 3.42m NOK (equity ratio 37.9% → 29.5%). Calculated
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↓
Cash fell
Bank deposits 1.66m NOK → 456.1k NOK (-72.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.66m NOK → 456.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 10.03m NOK → 10.11m NOK (48% → 39% of revenue). Calculated
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COGS moved
COGS / varekostnad 6.17m NOK → 9.27m NOK (+50.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.00m NOK → 2.08m NOK. Reported fact