ADOLF HORNELAND AS: årsregnskap 2011 vs 2010
Stronger earnings
approved 2012-02-06; registry 2012-02-16; journal 2012 304368
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADOLF HORNELAND AS. Revenue 610.2k NOK → 619.9k NOK (+1.6%). Net result +292.8k NOK → +651.6k NOK. Equity 4.04m NOK → 4.69m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADOLF HORNELAND AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 610.2k NOK to 619.9k NOK (+1.6% YoY). Calculated
-
↑
Net result improved
Net result +292.8k NOK → +651.6k NOK (net margin 48.0% → 105.1%). Calculated
-
↑
Equity strengthened
Book equity 4.04m NOK → 4.69m NOK (equity ratio 65.2% → 75.3%). Calculated
-
↑
Cash rose
Bank deposits 246.0k NOK → 339.9k NOK (+38.2% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +451.1k NOK → +379.6k NOK (op. margin 73.9% → 61.2%). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 67.4k NOK → 84.3k NOK. Reported fact