2TEX AS: årsregnskap 2011 vs 2010
Slipped into loss, cash halved-plus
approved 2012-06-24; registry 2012-07-11; journal 2012 521682
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 2TEX AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +2 580 NOK → -292.8k NOK. Equity 15.95m NOK → 14.46m NOK.
On the constructive side: payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 2TEX AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 694.0k NOK → 642.7k NOK. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 2 580 NOK profit to a loss of 292.8k NOK. Calculated
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↓
Equity eroded
Book equity 15.95m NOK → 14.46m NOK (equity ratio 90.5% → 69.6%). Calculated
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↓
Cash fell
Bank deposits 2.72m NOK → 434.2k NOK (-84.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.63× → 0.33× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.72m NOK → 434.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 14.52m NOK → 18.55m NOK. Reported fact