Org.nr 938 364 052 2010 → 2011 Year-over-year analysis

AEBI SCHMIDT NORGE AS: årsregnskap 2011 vs 2010

Grew 13% on revenue

approved 2012-03-08; registry 2012-06-16; journal 2012 432860

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AEBI SCHMIDT NORGE AS. Revenue 38.81m NOK → 44.03m NOK (+13.5%). Equity 17.30m NOK → 10.32m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for AEBI SCHMIDT NORGE AS.

At a glance

Revenue

38.81m NOK 44.03m NOK

+13.5%

Operating result

+6.00m NOK +7.77m NOK

+29.5%

Net result

+4.74m NOK n/m

—

Equity

17.30m NOK 10.32m NOK

-40.3%

Cash

5.92m NOK 7.64m NOK

+29.1%

Total assets

28.75m NOK 32.50m NOK

+13.0%

↑
Revenue rose

Operating income / revenue moved from 38.81m NOK to 44.03m NOK (+13.5% YoY). Calculated
↑
Operating result improved

Operating result +6.00m NOK → +7.77m NOK (op. margin 15.5% → 17.6%). Calculated
↑
Cash rose

Bank deposits 5.92m NOK → 7.64m NOK (+29.1% YoY). Calculated

↓
Equity eroded

Book equity 17.30m NOK → 10.32m NOK (equity ratio 60.2% → 31.8%). Calculated
↓
Current ratio dropped below 1×

Current ratio 2.01× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
COGS moved

COGS / varekostnad 22.30m NOK → 25.56m NOK (+14.6% YoY). Calculated
·
Book investments changed

Investment / intangible book value 5.59m NOK → 13.12m NOK. Reported fact