ADDBRAND NORWAY AS: årsregnskap 2011 vs 2010
Shrank 18% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADDBRAND NORWAY AS. Revenue 93.71m NOK → 76.97m NOK (-17.9%). Net result +1.92m NOK → +832.9k NOK. Equity 15.37m NOK → 17.20m NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADDBRAND NORWAY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.61m NOK → -88.4k NOK (op. margin -1.7% → -0.1%). Calculated
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↑
Equity strengthened
Book equity 15.37m NOK → 17.20m NOK (equity ratio 89.0% → 100.0%). Calculated
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Payroll decreased
Salary cost 79.9k NOK → 48.5k NOK (0% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 93.71m NOK to 76.97m NOK (-17.9% YoY). Calculated
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↓
Net result weakened
Net result +1.92m NOK → +832.9k NOK (net margin 2.1% → 1.1%). Calculated
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↓
Cash fell
Bank deposits 1.01m NOK → 914.6k NOK (-9.1% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 23.51m NOK → 12.51m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 57.02m NOK → 47.38m NOK (-16.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 20.08m NOK → 16.11m NOK. Reported fact