SALMAR ASA: årsregnskap 2011 vs 2010
Grew 15% on revenue, weaker earnings
approved 2012-03-29; registry 2012-09-01; journal 2012 687536
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for SALMAR ASA. Revenue 33.03m NOK → 37.94m NOK (+14.9%). Net result +946.8k NOK → +85.0k NOK. Equity 518.4k NOK → 618.6k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for SALMAR ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 33.03m NOK to 37.94m NOK (+14.9% YoY). Calculated
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↑
Operating result improved
Operating result -6.02m NOK → -7 889 NOK (op. margin -18.2% → -0.0%). Calculated
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↑
Equity strengthened
Book equity 518.4k NOK → 618.6k NOK (equity ratio 0.0% → 0.0%). Calculated
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↑
Cash rose
Bank deposits 5.88m NOK → 7.18m NOK (+22.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.75× → 4.14×. Calculated
What deteriorated
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↓
Net result weakened
Net result +946.8k NOK → +85.0k NOK (net margin 2.9% → 0.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.01bn NOK → 2.37m NOK (-99.9% YoY). Calculated