3P DISTRIBUSJON AS: årsregnskap 2011 vs 2010
Shrank 33% on revenue
approved 2012-06-29; registry 2012-09-11; journal 2012 756252
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 3P DISTRIBUSJON AS. Revenue 599.5k NOK → 404.4k NOK (-32.5%). Equity -357.4k NOK → -720.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3P DISTRIBUSJON AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 10.2k NOK → 25.8k NOK (+152.0% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 599.5k NOK to 404.4k NOK (-32.5% YoY). Calculated
-
↓
Operating result weakened
Operating result -86.0k NOK → -371.9k NOK (op. margin -14.3% → -92.0%). Calculated
-
↓
Equity eroded
Book equity -357.4k NOK → -720.8k NOK (equity ratio -86.1% → -145.4%). Calculated
-
↓
Payroll up without matching revenue
Salary cost -11.0k NOK → 2 558 NOK (-2% → 1% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -145.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 494.2k NOK → 395.2k NOK (-20.0% YoY). Calculated