FirmaIQ
Org.nr 980 285 197 2010 → 2011 Year-over-year analysis

AIR & ROAD TRANSPORT AS: årsregnskap 2011 vs 2010

Weaker earnings

approved 2012-06-07; registry 2012-06-30; journal 2012 484643

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AIR & ROAD TRANSPORT AS. Revenue 45.45m NOK → 43.87m NOK (-3.5%). Net result +3.68m NOK → +2.44m NOK. Equity 11.13m NOK → 10.02m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AIR & ROAD TRANSPORT AS.

At a glance

Scorecard

Revenue
45.45m NOK 43.87m NOK
-3.5%
Operating result
+4.99m NOK +3.29m NOK
-34.1%
Net result
+3.68m NOK +2.44m NOK
-33.6%
Equity
11.13m NOK 10.02m NOK
-10.0%
Cash
8.06m NOK 6.38m NOK
-20.8%
Total assets
20.85m NOK 18.97m NOK
-9.0%

What improved

  • ↑

    Payroll decreased

    Salary cost 4.39m NOK → 4.21m NOK (10% → 10% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 45.45m NOK to 43.87m NOK (-3.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.99m NOK → +3.29m NOK (op. margin 11.0% → 7.5%). Calculated

  • ↓

    Net result weakened

    Net result +3.68m NOK → +2.44m NOK (net margin 8.1% → 5.6%). Calculated

  • ↓

    Equity eroded

    Book equity 11.13m NOK → 10.02m NOK (equity ratio 53.4% → 52.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 8.06m NOK → 6.38m NOK (-20.8% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.32m NOK → 1.19m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 34.16m NOK → 33.67m NOK (-1.4% YoY). Calculated