ABC-COMPANY E-SKUVLA AS: årsregnskap 2011 vs 2010
Grew 9% on revenue, stronger earnings
approved 2012-08-31; registry 2012-09-10; journal 2012 755036
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABC-COMPANY E-SKUVLA AS. Revenue 3.20m NOK → 3.49m NOK (+8.9%). Net result -548.0k NOK → -208.8k NOK. Equity -227.5k NOK → -436.4k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABC-COMPANY E-SKUVLA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.20m NOK to 3.49m NOK (+8.9% YoY). Calculated
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↑
Net result improved
Net result -548.0k NOK → -208.8k NOK (net margin -17.1% → -6.0%). Calculated
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Cash rose
Bank deposits 83.7k NOK → 5.19m NOK (+6106.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -227.5k NOK → -436.4k NOK (equity ratio -22.2% → -159.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.62× → 0.30× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -159.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.22m NOK → 2.39m NOK (69% → 68% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 479.9k NOK → 99.3k NOK (-79.3% YoY). Calculated