A.C.E FASHIONSTORE AS: årsregnskap 2011 vs 2010
Grew 16% on revenue, cash halved-plus
approved 2012-06-30; registry 2012-08-07; journal 2012 586736
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A.C.E FASHIONSTORE AS. Revenue 3.09m NOK → 3.59m NOK (+16.3%). Equity 308.3k NOK → 334.4k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A.C.E FASHIONSTORE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.09m NOK to 3.59m NOK (+16.3% YoY). Calculated
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↑
Equity strengthened
Book equity 308.3k NOK → 334.4k NOK (equity ratio 45.3% → 2677.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 145.2k NOK → 32.5k NOK (-77.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.83× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 787.0k NOK → 953.1k NOK (26% → 27% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.77m NOK → 1.92m NOK (+8.3% YoY). Calculated