Org.nr 992 122 110 2010 → 2011 Year-over-year analysis

ADAX NORGE AS: årsregnskap 2011 vs 2010

Grew 13% on revenue

approved 2012-03-06; registry 2012-09-01; journal 2012 685906

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADAX NORGE AS. Revenue 12.58m NOK → 14.18m NOK (+12.7%). Equity 584.8k NOK → 483.7k NOK.

On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADAX NORGE AS.

At a glance

Revenue

12.58m NOK 14.18m NOK

+12.7%

Operating result

+389.1k NOK +1.25m NOK

+222.5%

Net result

+190.1k NOK n/m

—

Equity

584.8k NOK 483.7k NOK

-17.3%

Cash

n/m 1.22m NOK

—

Total assets

1.94m NOK 2.38m NOK

+22.7%

↑
Revenue rose

Operating income / revenue moved from 12.58m NOK to 14.18m NOK (+12.7% YoY). Calculated
↑
Operating result improved

Operating result +389.1k NOK → +1.25m NOK (op. margin 3.1% → 8.8%). Calculated
↑
Current ratio back above 1×

Current ratio 0.45× → 1.37×. Calculated

↓
Equity eroded

Book equity 584.8k NOK → 483.7k NOK (equity ratio 30.2% → 20.3%). Calculated

·
COGS moved

COGS / varekostnad 7.64m NOK → 10.09m NOK (+32.0% YoY). Calculated