AKASIEN HOLDING AS: årsregnskap 2011 vs 2010
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AKASIEN HOLDING AS. Revenue 23.42m NOK → 22.74m NOK (-2.9%). Net result +2.06m NOK → +1.77m NOK. Equity 1.74m NOK → 1.63m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AKASIEN HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 6.72m NOK → 6.67m NOK (29% → 29% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 23.42m NOK to 22.74m NOK (-2.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +2.85m NOK → +2.34m NOK (op. margin 12.2% → 10.3%). Calculated
-
↓
Net result weakened
Net result +2.06m NOK → +1.77m NOK (net margin 8.8% → 7.8%). Calculated
-
↓
Equity eroded
Book equity 1.74m NOK → 1.63m NOK (equity ratio 20.8% → 23.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 4.63m NOK → 1.63m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 10.08m NOK → 9.71m NOK (-3.7% YoY). Calculated