2TAL AS: årsregnskap 2011 vs 2010
Grew 98% on revenue, weaker earnings, cash halved-plus
approved 2012-03-20; registry 2012-07-11; journal 2012 523956
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 2TAL AS. Revenue 27.01m NOK → 53.38m NOK (+97.7%). Net result +2.51m NOK → +903.6k NOK. Equity 6.09m NOK → 6.99m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for 2TAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 27.01m NOK to 53.38m NOK (+97.7% YoY). Calculated
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↑
Operating result improved
Operating result +800.3k NOK → +532.94bn NOK (op. margin 3.0% → 998342.5%). Calculated
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↑
Equity strengthened
Book equity 6.09m NOK → 6.99m NOK (equity ratio 28.9% → 35.0%). Calculated
What deteriorated
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↓
Net result weakened
Net result +2.51m NOK → +903.6k NOK (net margin 9.3% → 1.7%). Calculated
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↓
Cash fell
Bank deposits 3.19m NOK → 545.1k NOK (-82.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.19m NOK → 545.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 13.94m NOK → 36.32m NOK (+160.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5 787 NOK → 5.79m NOK. Reported fact