Org.nr 992 564 113 2010 → 2011 Year-over-year analysis

ADDOVATION AS: årsregnskap 2011 vs 2010

Grew 6% on revenue

approved 2012-02-09; registry 2012-04-02; journal 2012 326658

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADDOVATION AS. Revenue 9.47m NOK → 10.01m NOK (+5.6%). Equity 120.7k NOK → 2.59m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADDOVATION AS.

At a glance

Revenue

9.47m NOK 10.01m NOK

+5.6%

Operating result

+2.63m NOK +1.97m NOK

-25.2%

Equity

120.7k NOK 2.59m NOK

+2044.5%

Cash

n/m 3.69m NOK

—

Total assets

5.45m NOK 6.08m NOK

+11.7%

↑
Revenue rose

Operating income / revenue moved from 9.47m NOK to 10.01m NOK (+5.6% YoY). Calculated
↑
Equity strengthened

Book equity 120.7k NOK → 2.59m NOK (equity ratio 2.2% → 42.5%). Calculated

↓
Operating result weakened

Operating result +2.63m NOK → +1.97m NOK (op. margin 27.7% → 19.6%). Calculated

·
Payroll increased

Salary cost 5.05m NOK → 5.98m NOK (53% → 60% of revenue). Calculated