Org.nr 979 558 821 2010 → 2011 Year-over-year analysis

AIRPROSJEKT AS: årsregnskap 2011 vs 2010

Grew 31% on revenue, returned to profit, fresh owner capital

approved 2012-03-16; registry 2012-04-02; journal 2012 327222

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2011 with 2010 for AIRPROSJEKT AS. Revenue 2.52m NOK → 3.29m NOK (+30.6%). Net result -328.1k NOK → +380.2k NOK. Equity -294.7k NOK → 1.34m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIRPROSJEKT AS.

Scorecard

Revenue
2.52m NOK 3.29m NOK
+30.6%
Operating result
+1.28m NOK +1.96m NOK
+52.2%
Net result
-328.1k NOK +380.2k NOK
+215.9%
Equity
-294.7k NOK 1.34m NOK
+553.2%
Cash
n/m 0 NOK
—
Total assets
24.56m NOK 24.25m NOK
-1.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.52m NOK to 3.29m NOK (+30.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.28m NOK → +1.96m NOK (op. margin 51.1% → 59.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 328.1k NOK to a profit of 380.2k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -294.7k NOK → 1.34m NOK (equity ratio -1.2% → 5.5%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.47× → 1.42×. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 3.03m NOK → 3.58m NOK. Reported fact