12MR FRAMNÆS AS: årsregnskap 2011 vs 2010
Shrank 38% on revenue, returned to profit
approved 2012-05-21; registry 2012-08-18; journal 2012 615479
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 12MR FRAMNÆS AS. Revenue 641.9k NOK → 399.9k NOK (-37.7%). Net result -2.59m NOK → +127.1k NOK. Equity -11.31m NOK → -14.44m NOK.
On the constructive side: turned profitable; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 12MR FRAMNÆS AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 2.59m NOK to a profit of 127.1k NOK. Calculated
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↑
Cash rose
Bank deposits 210.6k NOK → 333.6k NOK (+58.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 641.9k NOK to 399.9k NOK (-37.7% YoY). Calculated
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↓
Equity eroded
Book equity -11.31m NOK → -14.44m NOK (equity ratio -101.0% → -131.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost -132.8k NOK → 122.5k NOK (-21% → 31% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -131.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation