79 DEGREES SOUTH AS: årsregnskap 2011 vs 2010
Shrank 81% on revenue, stronger earnings
approved 2012-04-03; registry 2012-05-31; journal 2012 393384
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 79 DEGREES SOUTH AS. Revenue 116.1k NOK → 21.7k NOK (-81.3%). Net result -63.0k NOK → -23.1k NOK. Equity 78.0k NOK → 54.9k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 79 DEGREES SOUTH AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -97.7k NOK → -32.1k NOK (op. margin -84.1% → -147.7%). Calculated
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↑
Net result improved
Net result -63.0k NOK → -23.1k NOK (net margin -54.3% → -106.1%). Calculated
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↑
Payroll decreased
Salary cost 166.0k NOK → 26.7k NOK (143% → 123% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 116.1k NOK to 21.7k NOK (-81.3% YoY). Calculated
-
↓
Equity eroded
Book equity 78.0k NOK → 54.9k NOK (equity ratio 0.1% → 83.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.61× → 0.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 304.6k NOK → 2 258 NOK (-99.3% YoY). Calculated