AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS: årsregnskap 2011 vs 2010
Shrank 24% on revenue, stronger earnings
approved 2012-04-23; registry 2012-09-13; journal 2012 770562
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS. Revenue 25.22m NOK → 19.27m NOK (-23.6%). Net result -1.09m NOK → -435.4k NOK. Equity 3.16m NOK → 2.73m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -1.09m NOK → -435.4k NOK (net margin -4.3% → -2.3%). Calculated
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Payroll decreased
Salary cost 8.42m NOK → 7.68m NOK (33% → 40% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 25.22m NOK to 19.27m NOK (-23.6% YoY). Calculated
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Equity eroded
Book equity 3.16m NOK → 2.73m NOK (equity ratio 39.0% → 41.7%). Calculated
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Cash fell
Bank deposits 4.05m NOK → 2.18m NOK (-46.0% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 14.49m NOK → 9.10m NOK (-37.2% YoY). Calculated