Org.nr 989 001 906 2010 → 2011 Year-over-year analysis

HHK HOLDING & CONSULTING AS: årsregnskap 2011 vs 2010

Shrank 56% on revenue

approved 2012-05-29; registry 2012-09-01; journal 2012 682446

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for HHK HOLDING & CONSULTING AS. Revenue 1.77m NOK → 778.0k NOK (-56.1%). Equity 5.88m NOK → 6.89m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for HHK HOLDING & CONSULTING AS.

At a glance

Revenue

1.77m NOK 778.0k NOK

-56.1%

Operating result

+970.1k NOK +959.6k NOK

-1.1%

Equity

5.88m NOK 6.89m NOK

+17.3%

Cash

n/m 2.02m NOK

—

Total assets

8.48m NOK 9.60m NOK

+13.3%

↑
Equity strengthened

Book equity 5.88m NOK → 6.89m NOK (equity ratio 69.3% → 71.8%). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.77m NOK to 778.0k NOK (-56.1% YoY). Calculated
↓
Operating result weakened

Operating result +970.1k NOK → +959.6k NOK (op. margin 54.8% → 123.4%). Calculated
↓
Payroll up without matching revenue

Salary cost 692.9k NOK → 716.6k NOK (39% → 92% of revenue). Calculated

·
Book investments changed

Investment / intangible book value 4.59m NOK → 5.00m NOK. Reported fact