AIR LIQUIDE NORWAY AS: årsregnskap 2011 vs 2010
Grew 10% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AIR LIQUIDE NORWAY AS. Revenue 103.31m NOK → 113.73m NOK (+10.1%). Net result +11.24m NOK → +13.90m NOK. Equity 21.47m NOK → 25.37m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR LIQUIDE NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 103.31m NOK to 113.73m NOK (+10.1% YoY). Calculated
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Operating result improved
Operating result +17.56m NOK → +23.84m NOK (op. margin 17.0% → 21.0%). Calculated
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Net result improved
Net result +11.24m NOK → +13.90m NOK (net margin 10.9% → 12.2%). Calculated
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Equity strengthened
Book equity 21.47m NOK → 25.37m NOK (equity ratio 17.3% → 14.9%). Calculated
Things to notice
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Payroll increased
Salary cost 14.46m NOK → 14.90m NOK (14% → 13% of revenue). Calculated
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COGS moved
COGS / varekostnad 30.25m NOK → 32.39m NOK (+7.1% YoY). Calculated