AKADEMIET VGS MØRE AS: årsregnskap 2011 vs 2010
Grew 26% on revenue, weaker earnings
approved 2012-05-31; registry 2012-08-15; journal 2012 606250
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AKADEMIET VGS MØRE AS. Revenue 13.13m NOK → 16.49m NOK (+25.6%). Net result +183.1k NOK → +8 858 NOK. Equity -181.1k NOK → -172.3k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AKADEMIET VGS MØRE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.13m NOK to 16.49m NOK (+25.6% YoY). Calculated
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↑
Equity strengthened
Book equity -181.1k NOK → -172.3k NOK (equity ratio -4.6% → -3.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +310.7k NOK → +37.5k NOK (op. margin 2.4% → 0.2%). Calculated
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↓
Net result weakened
Net result +183.1k NOK → +8 858 NOK (net margin 1.4% → 0.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 5.86m NOK → 8.14m NOK (45% → 49% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.07m NOK → 3.04m NOK (+46.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 600.1k NOK → 436.1k NOK. Reported fact