ACTIVE GOLF AS: årsregnskap 2011 vs 2010
Grew 18% on revenue, stronger earnings
approved 2012-04-30; registry 2012-08-09; journal 2012 595575
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACTIVE GOLF AS. Revenue 2.64m NOK → 3.11m NOK (+17.7%). Net result +10.6k NOK → +63.9k NOK. Equity 286.3k NOK → 222.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ACTIVE GOLF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.64m NOK to 3.11m NOK (+17.7% YoY). Calculated
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Operating result improved
Operating result +23.0k NOK → +75.4k NOK (op. margin 0.9% → 2.4%). Calculated
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↑
Net result improved
Net result +10.6k NOK → +63.9k NOK (net margin 0.4% → 2.1%). Calculated
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Cash rose
Bank deposits 26.8k NOK → 94.3k NOK (+251.8% YoY). Calculated
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Payroll decreased
Salary cost 433.5k NOK → 2 NOK (16% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 286.3k NOK → 222.4k NOK (equity ratio 37.0% → 31.3%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 1.60m NOK → 2.24m NOK (+40.1% YoY). Calculated