ACTICON AS: årsregnskap 2011 vs 2010
Grew 40% on revenue, stronger earnings
approved 2012-03-22; registry 2012-07-05; journal 2012 501718
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACTICON AS. Revenue 1.71m NOK → 2.39m NOK (+39.9%). Net result +279.7k NOK → +617.4k NOK. Equity 546.3k NOK → 163.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ACTICON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.71m NOK to 2.39m NOK (+39.9% YoY). Calculated
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↑
Operating result improved
Operating result +388.5k NOK → +860.5k NOK (op. margin 22.8% → 36.0%). Calculated
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↑
Net result improved
Net result +279.7k NOK → +617.4k NOK (net margin 16.4% → 25.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 546.3k NOK → 163.7k NOK (equity ratio 48003.9% → 26.4%). Calculated
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↓
Cash fell
Bank deposits 564.1k NOK → 345.1k NOK (-38.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.49× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 287.7k NOK → 355.1k NOK (17% → 15% of revenue). Calculated