Org.nr 990 976 244 2010 → 2011 Year-over-year analysis

A&O SEAFOOD EXPORT AS: årsregnskap 2011 vs 2010

Shrank 54% on revenue

approved 2012-09-24; registry 2012-09-27; journal 2012 791731

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for A&O SEAFOOD EXPORT AS. Revenue 21.51m NOK → 9.97m NOK (-53.6%). Equity 1.01m NOK → -1.02m NOK.

Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A&O SEAFOOD EXPORT AS.

At a glance

Revenue

21.51m NOK 9.97m NOK

-53.6%

Operating result

+40 NOK n/m

—

Equity

1.01m NOK -1.02m NOK

-201.3%

Cash

n/m 18.7k NOK

—

Total assets

3.59m NOK 2.81m NOK

-21.7%

↓
Revenue fell

Operating income / revenue moved from 21.51m NOK to 9.97m NOK (-53.6% YoY). Calculated
↓
Equity eroded

Book equity 1.01m NOK → -1.02m NOK (equity ratio 28.2% → -36.5%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.39× → 0.67× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 3 NOK → 1.41m NOK (0% → 14% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -36.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 18.77m NOK → 8.43m NOK (-55.1% YoY). Calculated