AD NOTAM FORLAG AS: årsregnskap 2011 vs 2010
Grew 34% on revenue, returned to profit
approved 2012-06-15; registry 2012-07-10; journal 2012 518954
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AD NOTAM FORLAG AS. Revenue 359.5k NOK → 481.5k NOK (+33.9%). Net result -1.71m NOK → +1.50m NOK. Equity 465.3k NOK → 961.4k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for AD NOTAM FORLAG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 359.5k NOK to 481.5k NOK (+33.9% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 1.71m NOK to a profit of 1.50m NOK. Calculated
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↑
Equity strengthened
Book equity 465.3k NOK → 961.4k NOK (equity ratio 124.0% → 38.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +336.7k NOK → +90.6k NOK (op. margin 93.7% → 18.8%). Calculated
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↓
Cash fell
Bank deposits 66.3k NOK → 58.6k NOK (-11.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad -19.2k NOK → 0 NOK (+100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10.5k NOK → 482 NOK. Reported fact