AIC HOLDING AS: årsregnskap 2011 vs 2010
Shrank 22% on revenue, returned to profit
approved 2012-05-30; registry 2012-07-21; journal 2012 551918
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AIC HOLDING AS. Revenue 721.0k NOK → 565.2k NOK (-21.6%). Net result -1.62m NOK → +3 818 NOK. Equity 1.32m NOK → -2.50m NOK.
On the constructive side: turned profitable; cash rose. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AIC HOLDING AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 1.62m NOK to a profit of 3 818 NOK. Calculated
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↑
Cash rose
Bank deposits 971 NOK → 989.0k NOK (+101750.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 721.0k NOK to 565.2k NOK (-21.6% YoY). Calculated
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↓
Equity eroded
Book equity 1.32m NOK → -2.50m NOK (equity ratio 30.0% → -206.2%). Calculated
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↓
COGS moved
COGS / varekostnad 479.1k NOK → 497.0k NOK (+3.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -206.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 3.29m NOK → 6.03m NOK. Reported fact