LERØY SEAFOOD GROUP ASA: årsregnskap 2011 vs 2010
Grew 98% on revenue, stronger earnings, cash halved-plus
approved 2012-05-23; registry 2012-06-11; journal 2012 413953
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for LERØY SEAFOOD GROUP ASA. Revenue 58.0k NOK → 115.0k NOK (+98.3%). Net result +1 058 NOK → +378.68m NOK. Equity 3.56bn NOK → 3.70bn NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for LERØY SEAFOOD GROUP ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 58.0k NOK to 115.0k NOK (+98.3% YoY). Calculated
-
↑
Net result improved
Net result +1 058 NOK → +378.68m NOK (net margin 1.8% → 329284.3%). Calculated
-
↑
Equity strengthened
Book equity 3.56bn NOK → 3.70bn NOK (equity ratio 89765264.5% → 71.0%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.00× → 2.84×. Calculated
-
↑
Payroll decreased
Salary cost 23.47m NOK → 22.59m NOK (40466% → 19641% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -32.84m NOK → -37.68m NOK (op. margin -56629.3% → -32761.7%). Calculated
-
↓
Cash fell
Bank deposits 563.05m NOK → 938.4k NOK (-99.8% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (563.05m NOK → 938.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 2.77bn NOK → 2.77bn NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS moved
COGS / varekostnad 5.48bn NOK → 6.18bn NOK (+12.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 37.0k NOK → 3.67m NOK. Reported fact