AVECTOR AS: årsregnskap 2011 vs 2010
Shrank 69% on revenue, returned to profit
approved 2012-08-07; registry 2012-08-15; journal 2012 607942
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AVECTOR AS. Revenue 2.45m NOK → 749.7k NOK (-69.4%). Net result -24.7k NOK → +208.0k NOK. Equity 1.92m NOK → 1.63m NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 24.7k NOK to a profit of 208.0k NOK. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.45m NOK to 749.7k NOK (-69.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +496.4k NOK → +419.8k NOK (op. margin 20.3% → 56.0%). Calculated
-
↓
Equity eroded
Book equity 1.92m NOK → 1.63m NOK (equity ratio 61.2% → 59.3%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.35m NOK → 1.94m NOK (55% → 258% of revenue). Calculated