24SEVENSOCIAL AS: årsregnskap 2011 vs 2010
Grew 244% on revenue, weaker earnings, cash halved-plus
approved 2012-05-16; registry 2012-09-04; journal 2012 706909
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 24SEVENSOCIAL AS. Revenue 141.5k NOK → 487.3k NOK (+244.4%). Net result +181.23m NOK → +113.02m NOK. Equity 115.7k NOK → 341.1k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 24SEVENSOCIAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 141.5k NOK to 487.3k NOK (+244.4% YoY). Calculated
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↑
Operating result improved
Operating result -540.2k NOK → +113.02m NOK (op. margin -381.8% → 23191.5%). Calculated
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↑
Equity strengthened
Book equity 115.7k NOK → 341.1k NOK (equity ratio 7.0% → 7.7%). Calculated
What deteriorated
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↓
Net result weakened
Net result +181.23m NOK → +113.02m NOK (net margin 128076.3% → 23191.5%). Calculated
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↓
Cash fell
Bank deposits 147.7k NOK → 40.0k NOK (-72.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 375.95× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 4 064 NOK → 95.0k NOK (+2237.1% YoY). Calculated