10X CAPITAL AS: årsregnskap 2011 vs 2010
Returned to profit
approved 2012-06-15; registry 2012-06-23; journal 2012 451479
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 10X CAPITAL AS. Revenue 660.8k NOK → 692.9k NOK (+4.9%). Net result -146.0k NOK → +141.6k NOK. Equity -100.0k NOK → 41.6k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 10X CAPITAL AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 660.8k NOK to 692.9k NOK (+4.9% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 146.0k NOK to a profit of 141.6k NOK. Calculated
-
↑
Equity strengthened
Book equity -100.0k NOK → 41.6k NOK (equity ratio -79.6% → 30.4%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.56× → 1.44×. Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 105.7k NOK → 82.3k NOK (-22.1% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 13.9k NOK → 2 416 NOK (-82.6% YoY). Calculated