ADVISUM AS: årsregnskap 2011 vs 2010
Grew 6% on revenue, weaker earnings
approved 2012-06-30; registry 2012-09-08; journal 2012 743366
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVISUM AS. Revenue 2.22m NOK → 2.35m NOK (+5.9%). Net result +505.3k NOK → +291.6k NOK. Equity 1.26m NOK → 1.55m NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVISUM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.22m NOK to 2.35m NOK (+5.9% YoY). Calculated
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↑
Equity strengthened
Book equity 1.26m NOK → 1.55m NOK (equity ratio 32.8% → 33.3%). Calculated
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↑
Payroll decreased
Salary cost 3.17m NOK → 1.47m NOK (142% → 63% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +807.7k NOK → +596.7k NOK (op. margin 36.3% → 25.4%). Calculated
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↓
Net result weakened
Net result +505.3k NOK → +291.6k NOK (net margin 22.7% → 12.4%). Calculated
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↓
Cash fell
Bank deposits 244.7k NOK → 184.2k NOK (-24.7% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 0 NOK → 13.5k NOK (None YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 1.32m NOK. Reported fact