AI BUSINESS LAB AS: årsregnskap 2012 vs 2011
Grew 17% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AI BUSINESS LAB AS. Revenue 20.30m NOK → 23.68m NOK (+16.7%). Net result +1.83m NOK → +2.94m NOK. Equity 3.21m NOK → 3.60m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AI BUSINESS LAB AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 20.30m NOK to 23.68m NOK (+16.7% YoY). Calculated
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Net result improved
Net result +1.83m NOK → +2.94m NOK (net margin 9.0% → 12.4%). Calculated
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Equity strengthened
Book equity 3.21m NOK → 3.60m NOK (equity ratio 31.6% → 31.4%). Calculated
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Current ratio back above 1×
Current ratio 0.75× → 3.99×. Calculated
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Payroll decreased
Salary cost -12.02m NOK → -15.98m NOK (-59% → -67% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +2.07m NOK → +1.38m NOK (op. margin 10.2% → 5.8%). Calculated
Things to notice
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COGS fell
COGS / varekostnad -11.22m NOK → -18.56m NOK (-65.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 4.60m NOK → 1 000 NOK. Reported fact