A/S Voldsminde VII: årsregnskap 2011 vs 2010
Grew 9% on revenue, weaker earnings
approved 2012-05-22; registry 2012-07-16; journal 2012 541696
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A/S Voldsminde VII. Revenue 512.4k NOK → 556.4k NOK (+8.6%). Net result -5 680 NOK → -326.0k NOK. Equity 398.3k NOK → 72.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Voldsminde VII.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 512.4k NOK to 556.4k NOK (+8.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +33.4k NOK → -283.5k NOK (op. margin 6.5% → -50.9%). Calculated
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↓
Net result weakened
Net result -5 680 NOK → -326.0k NOK (net margin -1.1% → -58.6%). Calculated
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↓
Equity eroded
Book equity 398.3k NOK → 72.2k NOK (equity ratio 24.6% → 5.6%). Calculated
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↓
Cash fell
Bank deposits 554.7k NOK → 330.9k NOK (-40.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation