AIK VVS AS: årsregnskap 2011 vs 2010
Shrank 85% on revenue, slipped into loss
approved 2012-09-26; registry 2012-10-02; journal 2012 792649
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AIK VVS AS. Revenue 1.54m NOK → 228.3k NOK (-85.2%). Net result +184.8k NOK → -54.0k NOK. Equity 370.0k NOK → 316.0k NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIK VVS AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 4 817 NOK → 28.6k NOK (+492.8% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.80× → 1.08×. Calculated
-
↑
Payroll decreased
Salary cost 322.8k NOK → 40.0k NOK (21% → 18% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.54m NOK to 228.3k NOK (-85.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +270.9k NOK → -61.3k NOK (op. margin 17.6% → -26.8%). Calculated
-
↓
Fell into a net loss
Net result flipped from 184.8k NOK profit to a loss of 54.0k NOK. Calculated
-
↓
Equity eroded
Book equity 370.0k NOK → 316.0k NOK (equity ratio 63.3% → 86.2%). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 623.8k NOK → 90.5k NOK (-85.5% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 132.7k NOK → 85.3k NOK. Reported fact