AIR-TECH AS: årsregnskap 2011 vs 2010
Grew 18% on revenue
approved 2012-06-30; registry 2012-09-08; journal 2012 735256
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AIR-TECH AS. Revenue 2.11m NOK → 2.48m NOK (+17.9%). Equity 111.2k NOK → 108.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR-TECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.11m NOK to 2.48m NOK (+17.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -122.6k NOK → -131.3k NOK (op. margin -5.8% → -5.3%). Calculated
-
↓
Equity eroded
Book equity 111.2k NOK → 108.8k NOK (equity ratio 17.4% → 20.3%). Calculated
-
↓
Cash fell
Bank deposits 272.8k NOK → 181.0k NOK (-33.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2 010 NOK → 2.12m NOK (0% → 86% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 565.8k NOK → 583.1k NOK (+3.1% YoY). Calculated