A&B SCANDINAVIA AS: årsregnskap 2011 vs 2010
Shrank 100% on revenue, returned to profit, cash halved-plus
approved 2012-08-22; registry 2012-08-29; journal 2012 670875
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A&B SCANDINAVIA AS. Revenue 4.67m NOK → 0 NOK (-100.0%). Net result -1617.89bn NOK → +222.3k NOK. Equity 1.27m NOK → 1.04m NOK.
On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for A&B SCANDINAVIA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.60m NOK → -85.8k NOK. Calculated
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Turned profitable
Net result flipped from a loss of 1617.89bn NOK to a profit of 222.3k NOK. Calculated
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↑
Payroll decreased
Salary cost 1.70m NOK → 10.5k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.67m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity 1.27m NOK → 1.04m NOK (equity ratio 79.2% → 99.7%). Calculated
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↓
Cash fell
Bank deposits 1.25m NOK → 231.8k NOK (-81.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.25m NOK → 231.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 2.84m NOK → -238 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 276.3k NOK → 252.8k NOK. Reported fact