24SEVENOFFICE NORWAY AS: årsregnskap 2011 vs 2010
Shrank 14% on revenue, fresh owner capital
approved 2012-06-29; registry 2012-09-04; journal 2012 709519
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 24SEVENOFFICE NORWAY AS. Revenue 30.60m NOK → 26.21m NOK (-14.3%). Equity 10.20m NOK → -27.89m NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 24SEVENOFFICE NORWAY AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 601.6k NOK → 13.11m NOK (+2078.8% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 10.2k NOK → 1.20m NOK (+1.19m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 30.60m NOK to 26.21m NOK (-14.3% YoY). Calculated
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↓
Equity eroded
Book equity 10.20m NOK → -27.89m NOK (equity ratio 16.1% → -55.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 15.3k NOK → 19.20m NOK (0% → 73% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 4 827 NOK → 6.70m NOK (+138692.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -55.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 23.9k NOK → 15.35m NOK. Reported fact