ADMINISTRASJONSPARTNER AS: årsregnskap 2011 vs 2010
Shrank 25% on revenue, weaker earnings
approved 2012-06-30; registry 2012-08-27; journal 2012 652881
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADMINISTRASJONSPARTNER AS. Revenue 295.4k NOK → 222.2k NOK (-24.8%). Net result +79.9k NOK → +32.7k NOK. Equity 735.4k NOK → 768.1k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMINISTRASJONSPARTNER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 735.4k NOK → 768.1k NOK (equity ratio 35.6% → 81.8%). Calculated
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↑
Cash rose
Bank deposits 13.5k NOK → 33.3k NOK (+147.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 29.7k NOK → 1 337 NOK (10% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 295.4k NOK to 222.2k NOK (-24.8% YoY). Calculated
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↓
Operating result weakened
Operating result +128.6k NOK → +44.6k NOK (op. margin 43.5% → 20.1%). Calculated
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↓
Net result weakened
Net result +79.9k NOK → +32.7k NOK (net margin 27.1% → 14.7%). Calculated
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↓
COGS moved
COGS / varekostnad 77.8k NOK → 87.5k NOK (+12.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 494.3k NOK → 496.2k NOK. Reported fact