AGER AS: årsregnskap 2011 vs 2010
Shrank 68% on revenue, cash halved-plus
approved 2012-09-30; registry 2012-10-08; journal 2012 795929
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AGER AS. Revenue 693.3k NOK → 222.3k NOK (-67.9%). Net result -510.9k NOK → -450.8k NOK. Equity 1.44m NOK → 987.0k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGER AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -510.9k NOK → -450.8k NOK (net margin -73.7% → -202.8%). Calculated
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↑
Payroll decreased
Salary cost 6.42m NOK → 70.4k NOK (927% → 32% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 693.3k NOK to 222.3k NOK (-67.9% YoY). Calculated
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↓
Equity eroded
Book equity 1.44m NOK → 987.0k NOK (equity ratio 89.1% → 86.3%). Calculated
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↓
Cash fell
Bank deposits 236.9k NOK → 18.1k NOK (-92.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 58.8k NOK → 38.2k NOK (-35.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8 800 NOK → 58.8k NOK. Reported fact