FirmaIQ
Org.nr 893 011 242 2010 → 2011 Year-over-year analysis

ADVANTEK ENGINEERING AS: årsregnskap 2011 vs 2010

Shrank 13% on revenue, stronger earnings

approved 2012-05-31; registry 2012-07-02; journal 2012 487987

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADVANTEK ENGINEERING AS. Revenue 1.26m NOK → 1.10m NOK (-13.0%). Net result +98.50m NOK → +276.94m NOK. Equity 167.6k NOK → 164.5k NOK.

On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.26m NOK 1.10m NOK
-13.0%
Operating result
+441.5k NOK +385.0k NOK
-12.8%
Net result
+98.50m NOK +276.94m NOK
+181.1%
Equity
167.6k NOK 164.5k NOK
-1.8%
Cash
153.1k NOK 264.0k NOK
+72.4%
Total assets
717.2k NOK 794.1k NOK
+10.7%

What improved

  • ↑

    Net result improved

    Net result +98.50m NOK → +276.94m NOK (net margin 7788.8% → 25178.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 153.1k NOK → 264.0k NOK (+72.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.26m NOK to 1.10m NOK (-13.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +441.5k NOK → +385.0k NOK (op. margin 34.9% → 35.0%). Calculated

  • ↓

    Equity eroded

    Book equity 167.6k NOK → 164.5k NOK (equity ratio 23.4% → 20.7%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 444.5k NOK → 735.1k NOK (35% → 67% of revenue). Calculated