ADRETT AS: årsregnskap 2011 vs 2010
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADRETT AS. Revenue 2.37m NOK → 2.46m NOK (+3.9%). Net result +117.5k NOK → +74.5k NOK. Equity 313.0k NOK → 387.5k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADRETT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.37m NOK to 2.46m NOK (+3.9% YoY). Calculated
-
↑
Equity strengthened
Book equity 313.0k NOK → 387.5k NOK (equity ratio 38.0% → 39.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 2.65×. Calculated
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↑
Payroll decreased
Salary cost 785.3k NOK → 756.9k NOK (33% → 31% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +183.4k NOK → +118.1k NOK (op. margin 7.7% → 4.8%). Calculated
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↓
Net result weakened
Net result +117.5k NOK → +74.5k NOK (net margin 5.0% → 3.0%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 807.4k NOK → 898.7k NOK (+11.3% YoY). Calculated