24/7 EKSPRESS AS: årsregnskap 2011 vs 2010
Shrank 27% on revenue, returned to profit
approved 2012-06-30; registry 2012-09-10; journal 2012 755330
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 24/7 EKSPRESS AS. Revenue 4.64m NOK → 3.40m NOK (-26.6%). Net result -430.9k NOK → +88.3k NOK. Equity 4.87m NOK → 962.5k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 24/7 EKSPRESS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -410.5k NOK → +100.9k NOK (op. margin -8.9% → 3.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 430.9k NOK to a profit of 88.3k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.64m NOK to 3.40m NOK (-26.6% YoY). Calculated
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↓
Equity eroded
Book equity 4.87m NOK → 962.5k NOK (equity ratio 250.7% → 58.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.07m NOK → 5.89m NOK (23% → 173% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.28m NOK → 570.0k NOK (-55.4% YoY). Calculated