67NORTH AS: årsregnskap 2011 vs 2010
Shrank 33% on revenue, returned to profit, cash halved-plus
approved 2012-07-31; registry 2012-09-06; journal 2012 723284
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 67NORTH AS. Revenue 348.9k NOK → 234.0k NOK (-32.9%). Net result -84.0k NOK → +95.1k NOK. Equity 475.8k NOK → 370.9k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -87.5k NOK → +100.3k NOK (op. margin -25.1% → 42.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 84.0k NOK to a profit of 95.1k NOK. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 348.9k NOK to 234.0k NOK (-32.9% YoY). Calculated
-
↓
Equity eroded
Book equity 475.8k NOK → 370.9k NOK (equity ratio 94.8% → 63.0%). Calculated
-
↓
Cash fell
Bank deposits 501.7k NOK → 159.0k NOK (-68.3% YoY). Calculated