AJ SERVICE AS: årsregnskap 2011 vs 2010
Grew 86% on revenue, returned to profit
approved 2012-06-15; registry 2012-08-06; journal 2012 584786
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AJ SERVICE AS. Revenue 1.85m NOK → 3.44m NOK (+85.9%). Net result -79.7k NOK → +713.7k NOK. Equity 101.1k NOK → 714.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AJ SERVICE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.85m NOK to 3.44m NOK (+85.9% YoY). Calculated
-
↑
Operating result improved
Operating result -67.6k NOK → +975.3k NOK (op. margin -3.7% → 28.4%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 79.7k NOK to a profit of 713.7k NOK. Calculated
-
↑
Equity strengthened
Book equity 101.1k NOK → 714.7k NOK (equity ratio 20.5% → 130.6%). Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 1.53× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 502.5k NOK → 614.5k NOK (27% → 18% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 599.5k NOK → 777.0k NOK (+29.6% YoY). Calculated