AER AS: årsregnskap 2011 vs 2010
Shrank 8% on revenue, stronger earnings
approved 2012-06-30; registry 2012-09-15; journal 2012 779113
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AER AS. Revenue 112.3k NOK → 103.0k NOK (-8.3%). Net result +22.0k NOK → +35.9k NOK. Equity 45.7k NOK → 81.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +27.2k NOK → +49.5k NOK (op. margin 24.2% → 48.0%). Calculated
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↑
Net result improved
Net result +22.0k NOK → +35.9k NOK (net margin 19.6% → 34.9%). Calculated
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↑
Equity strengthened
Book equity 45.7k NOK → 81.6k NOK (equity ratio 38.1% → 37.8%). Calculated
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↑
Cash rose
Bank deposits -101 NOK → 3 675 NOK (+3738.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 112.3k NOK to 103.0k NOK (-8.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.62× → 0.80× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 47.4k NOK → 24.6k NOK (-48.1% YoY). Calculated