ADDSECURE AS: årsregnskap 2011 vs 2010
A steady year on the published lines
approved 2012-04-20; registry 2012-08-22; journal 2012 632188
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADDSECURE AS. Revenue 78.66m NOK → 77.81m NOK (-1.1%). Net result +5.21m NOK → +4.48m NOK. Equity 65.08m NOK → 69.55m NOK.
On the constructive side: equity strengthened. 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 ADDSECURE AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 65.08m NOK → 69.55m NOK (equity ratio 68.4% → 65.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 78.66m NOK to 77.81m NOK (-1.1% YoY). Calculated
-
↓
Net result weakened
Net result +5.21m NOK → +4.48m NOK (net margin 6.6% → 5.8%). Calculated
-
↓
Cash fell
Bank deposits 3.91m NOK → 2.26m NOK (-42.0% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 23.37m NOK → 24.28m NOK (30% → 31% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 68.95m NOK → 24.69m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 31.70m NOK → 27.94m NOK (-11.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 30.74m NOK → 37.58m NOK. Reported fact