3MT COMMUNICATIONS AS: årsregnskap 2011 vs 2010
Shrank 10% on revenue
approved 2012-10-26; registry 2012-11-01; journal 2012 809056
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 3MT COMMUNICATIONS AS. Revenue 680.6k NOK → 611.3k NOK (-10.2%). Equity 7 113 NOK → -241.7k NOK.
Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 3MT COMMUNICATIONS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 680.6k NOK to 611.3k NOK (-10.2% YoY). Calculated
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↓
Equity eroded
Book equity 7 113 NOK → -241.7k NOK (equity ratio 2.9% → -164.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 2 510 NOK → 627.8k NOK (0% → 103% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -164.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 104.8k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation