3S HOLDING AS: årsregnskap 2011 vs 2010
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2012-06-28; registry 2012-08-22; journal 2012 631634
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 3S HOLDING AS. Revenue 471.0k NOK → 1 736 NOK (-99.6%). Net result -770.7k NOK → -51.6k NOK. Equity 15.58m NOK → 15.52m NOK.
On the constructive side: net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3S HOLDING AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -770.7k NOK → -51.6k NOK (net margin -163.6% → -2971.9%). Calculated
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Current ratio back above 1×
Current ratio 0.48× → 1.22×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 471.0k NOK to 1 736 NOK (-99.6% YoY). Calculated
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↓
Equity eroded
Book equity 15.58m NOK → 15.52m NOK (equity ratio 62.8% → 73.7%). Calculated
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↓
Cash fell
Bank deposits 938.9k NOK → 70.1k NOK (-92.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 11.2k NOK → 15.44m NOK (2% → 889117% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 53.72m NOK → 50.34m NOK (-6.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 22.02m NOK → 19.71m NOK. Reported fact