Org.nr 983 019 978 2010 → 2011 Year-over-year analysis

AKERSHAVE APARTMENTS AS: årsregnskap 2011 vs 2010

Grew 38% on revenue, cash halved-plus

approved 2012-11-24; registry 2012-12-19; journal 2012 817639

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AKERSHAVE APARTMENTS AS. Revenue 5.65m NOK → 7.78m NOK (+37.7%). Equity -4.67m NOK → -10.74m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AKERSHAVE APARTMENTS AS.

At a glance

Revenue

5.65m NOK 7.78m NOK

+37.7%

Net result

-3.60m NOK n/m

—

Equity

-4.67m NOK -10.74m NOK

-129.8%

Cash

247.5k NOK 0 NOK

-100.0%

Total assets

803.3k NOK 2.36m NOK

+193.6%

↑
Revenue rose

Operating income / revenue moved from 5.65m NOK to 7.78m NOK (+37.7% YoY). Calculated

↓
Equity eroded

Book equity -4.67m NOK → -10.74m NOK (equity ratio -581.9% → -455.3%). Calculated
↓
Cash fell

Bank deposits 247.5k NOK → 0 NOK (-100.0% YoY). Calculated

·
Payroll increased

Salary cost 1.08m NOK → 2.08m NOK (19% → 27% of revenue). Calculated
·
COGS moved

COGS / varekostnad 3 520 NOK → 507.7k NOK (+14322.2% YoY). Calculated