AD2R HOLDING AS: årsregnskap 2011 vs 2010
Stronger earnings
approved 2012-06-12; registry 2012-08-22; journal 2012 633956
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AD2R HOLDING AS. Revenue 6.55m NOK → 6.65m NOK (+1.5%). Net result +932.4k NOK → +1.27m NOK. Equity 1.45m NOK → 1.06m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AD2R HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.55m NOK to 6.65m NOK (+1.5% YoY). Calculated
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↑
Net result improved
Net result +932.4k NOK → +1.27m NOK (net margin 14.2% → 19.1%). Calculated
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↑
Cash rose
Bank deposits 213.2k NOK → 679.6k NOK (+218.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.61m NOK → 2 010 NOK (40% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.45m NOK → 1.06m NOK (equity ratio 34.6% → 26.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.35m NOK → 986.8k NOK (-26.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 560 NOK → 515.7k NOK. Reported fact