AIRCOIL AS: årsregnskap 2011 vs 2010
Grew 9% on revenue, cash halved-plus
approved 2012-05-16; registry 2012-07-04; journal 2012 497408
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AIRCOIL AS. Revenue 23.51m NOK → 25.72m NOK (+9.4%). Equity 4.69m NOK → 728.4k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for AIRCOIL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 23.51m NOK to 25.72m NOK (+9.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.40m NOK → 3.06m NOK (14% → 12% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2.26m NOK → +1.83m NOK (op. margin 9.6% → 7.1%). Calculated
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↓
Equity eroded
Book equity 4.69m NOK → 728.4k NOK (equity ratio 59.3% → 10.5%). Calculated
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↓
Cash fell
Bank deposits 4.11m NOK → 1.64m NOK (-60.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.11m NOK → 1.64m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 16.84m NOK → 20.06m NOK (+19.1% YoY). Calculated