FirmaIQ
Org.nr 979 515 715 2010 → 2011 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2011 vs 2010

Grew 37% on revenue, stronger earnings

approved 2012-05-09; registry 2012-06-20; journal 2012 444848

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADVENT NORWAY AS. Revenue 21.80m NOK → 29.79m NOK (+36.6%). Net result -3.22m NOK → -1.38m NOK. Equity 24.51m NOK → 23.13m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVENT NORWAY AS.

At a glance

Scorecard

Revenue
21.80m NOK 29.79m NOK
+36.6%
Operating result
-2.63m NOK +400.8k NOK
+115.2%
Net result
-3.22m NOK -1.38m NOK
+57.1%
Equity
24.51m NOK 23.13m NOK
-5.6%
Cash
3.04m NOK 5.72m NOK
+88.3%
Total assets
29.66m NOK 30.06m NOK
+1.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 21.80m NOK to 29.79m NOK (+36.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -2.63m NOK → +400.8k NOK (op. margin -12.1% → 1.3%). Calculated

  • ↑

    Net result improved

    Net result -3.22m NOK → -1.38m NOK (net margin -14.8% → -4.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.04m NOK → 5.72m NOK (+88.3% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 24.51m NOK → 23.13m NOK (equity ratio 82.6% → 77.0%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 13.99m NOK → 17.11m NOK (64% → 57% of revenue). Calculated