Org.nr 989 348 809 2010 → 2011 Year-over-year analysis

2 SAKSER AS: årsregnskap 2011 vs 2010

Another loss-making year

approved 2012-05-10; registry 2012-06-12; journal 2012 416509

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for 2 SAKSER AS. Revenue 1.18m NOK → 1.17m NOK (-1.1%). Equity 64.5k NOK → 5 695 NOK.

On the constructive side: 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 2 SAKSER AS.

At a glance

Revenue

1.18m NOK 1.17m NOK

-1.1%

Operating result

-38.2k NOK n/m

—

Net result

n/m -58.8k NOK

—

Equity

64.5k NOK 5 695 NOK

-91.2%

Cash

118.9k NOK 137.9k NOK

+15.9%

Total assets

253.3k NOK 352.2k NOK

+39.1%

↓
Revenue fell

Operating income / revenue moved from 1.18m NOK to 1.17m NOK (-1.1% YoY). Calculated
↓
Equity eroded

Book equity 64.5k NOK → 5 695 NOK (equity ratio 25.5% → 1.6%). Calculated
↓
Payroll up without matching revenue

Salary cost 2 NOK → 755.9k NOK (0% → 65% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 168.3k NOK → 186.7k NOK (+10.9% YoY). Calculated

·
Thin equity buffer

Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation