AKA BUTIKKEIENDOM AS: årsregnskap 2011 vs 2010
Grew 5073% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AKA BUTIKKEIENDOM AS. Revenue 695.3k NOK → 35.97m NOK (+5073.3%). Net result +18.35m NOK → +31.03m NOK. Equity 328.18m NOK → 289.42m NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKA BUTIKKEIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 695.3k NOK to 35.97m NOK (+5073.3% YoY). Calculated
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Net result improved
Net result +18.35m NOK → +31.03m NOK (net margin 2639.6% → 86.3%). Calculated
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Payroll decreased
Salary cost 1.21m NOK → 0 NOK (175% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +41.17m NOK → +26.21m NOK (op. margin 5921.8% → 72.9%). Calculated
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↓
Equity eroded
Book equity 328.18m NOK → 289.42m NOK (equity ratio 38.0% → 89.9%). Calculated
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Current ratio dropped below 1×
Current ratio 12.24× → 0.13× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 305.02m NOK → 268.89m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 1.61m NOK → 0 NOK (-100.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 123.90m NOK → 974 NOK. Reported fact