7 STEEL NORDIC REINFORCING AS: årsregnskap 2011 vs 2010
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 7 STEEL NORDIC REINFORCING AS. Net result +15.48m NOK → +489.0k NOK. Equity 627.61m NOK → 640.47m NOK.
On the constructive side: equity strengthened. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC REINFORCING AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 627.61m NOK → 640.47m NOK (equity ratio 83.5% → 65.7%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +1.19m NOK → +1.17m NOK. Calculated
-
↓
Net result weakened
Net result +15.48m NOK → +489.0k NOK. Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 620.67m NOK → 659.39m NOK. Reported fact