ACTIV DRIFT AS: årsregnskap 2011 vs 2010
Grew 22% on revenue, weaker earnings
approved 2012-06-18; registry 2012-08-02; journal 2012 578525
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACTIV DRIFT AS. Revenue 14.77m NOK → 18.06m NOK (+22.3%). Net result +223.3k NOK → +160.1k NOK. Equity 5.28m NOK → 439.1k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACTIV DRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.77m NOK to 18.06m NOK (+22.3% YoY). Calculated
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↑
Cash rose
Bank deposits 103.5k NOK → 153.5k NOK (+48.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.08× → 1.55×. Calculated
What deteriorated
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↓
Net result weakened
Net result +223.3k NOK → +160.1k NOK (net margin 1.5% → 0.9%). Calculated
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↓
Equity eroded
Book equity 5.28m NOK → 439.1k NOK (equity ratio 351.8% → 12.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.45m NOK → 5.07m NOK (30% → 28% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.46m NOK → 6.62m NOK (+21.2% YoY). Calculated