ADCOM HOLDING AS: årsregnskap 2011 vs 2010
Grew 20% on revenue, stronger earnings
approved 2012-05-22; registry 2012-06-18; journal 2012 437670
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADCOM HOLDING AS. Revenue 2.11m NOK → 2.53m NOK (+19.6%). Net result +65.6k NOK → +99.5k NOK. Equity 1.36m NOK → 1.46m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.11m NOK to 2.53m NOK (+19.6% YoY). Calculated
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Operating result improved
Operating result +92.0k NOK → +141.1k NOK (op. margin 4.4% → 5.6%). Calculated
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Net result improved
Net result +65.6k NOK → +99.5k NOK (net margin 3.1% → 3.9%). Calculated
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Equity strengthened
Book equity 1.36m NOK → 1.46m NOK (equity ratio 88.4% → 82.6%). Calculated
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Payroll decreased
Salary cost 1.11m NOK → 136.9k NOK (53% → 5% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 751.5k NOK → 667.4k NOK (-11.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.59× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated