365 ECONOMY AS: årsregnskap 2011 vs 2010
Grew 169% on revenue, weaker earnings
approved 2012-06-20; registry 2012-08-06; journal 2012 581669
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 365 ECONOMY AS. Revenue 319.2k NOK → 859.8k NOK (+169.4%). Net result -105.6k NOK → -192.1k NOK. Equity -95.6k NOK → -287.7k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 365 ECONOMY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 319.2k NOK to 859.8k NOK (+169.4% YoY). Calculated
-
↑
Operating result improved
Operating result -184.1k NOK → -112.6k NOK (op. margin -57.7% → -13.1%). Calculated
-
↑
Payroll decreased
Salary cost 2.46m NOK → 693.1k NOK (770% → 81% of revenue). Calculated
What deteriorated
-
↓
Net result weakened
Net result -105.6k NOK → -192.1k NOK (net margin -33.1% → -22.3%). Calculated
-
↓
Equity eroded
Book equity -95.6k NOK → -287.7k NOK (equity ratio -35.6% → -128.7%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -128.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation