SOLVANG ASA: årsregnskap 2011 vs 2010
Shrank 5% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for SOLVANG ASA. Revenue 26.36bn NOK → 24.92bn NOK (-5.5%). Net result -92.54bn NOK → -22.09bn NOK.
On the constructive side: net result improved; owners injected capital. Pressures included: revenue fell; operating result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -92.54bn NOK → -22.09bn NOK (net margin -351.0% → -88.7%). Calculated
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↑
Owners injected capital
Paid-in equity rose 121.47bn NOK → 121.66bn NOK (+197.70m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 26.36bn NOK to 24.92bn NOK (-5.5% YoY). Calculated
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↓
Operating result weakened
Operating result +385.76m NOK → -1.27bn NOK (op. margin 1.5% → -5.1%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 618.41bn NOK → 429.14bn NOK. Reported fact