3RIV AS: årsregnskap 2011 vs 2010
Shrank 80% on revenue, cash halved-plus
approved 2012-09-26; registry 2012-10-01; journal 2012 792373
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 3RIV AS. Revenue 277.0k NOK → 55.2k NOK (-80.1%). Equity 1.55m NOK → 3.68m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 3RIV AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 1.55m NOK → 3.68m NOK (equity ratio 49.8% → 139.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 277.0k NOK to 55.2k NOK (-80.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +163.1k NOK → -259.4k NOK (op. margin 58.9% → -470.2%). Calculated
-
↓
Cash fell
Bank deposits 129.3k NOK → 670 NOK (-99.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 700.0k NOK → 210.0k NOK — check capital reduction, conversion, or reclassification. Interpretation