ACADEMIC WORK CONSULTING NORWAY AS: årsregnskap 2011 vs 2010
Shrank 53% on revenue, cash halved-plus
approved 2012-03-15; registry 2012-07-21; journal 2012 551110
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACADEMIC WORK CONSULTING NORWAY AS. Revenue 21.84m NOK → 10.25m NOK (-53.1%). Equity 566.3k NOK → 710.6k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Revenue
21.84m NOK
10.25m NOK
-53.1%
Net result
+7 NOK
n/m
—
Equity
566.3k NOK
710.6k NOK
+25.5%
Cash
468.7k NOK
131.6k NOK
-71.9%
Total assets
5.17m NOK
2.52m NOK
-51.2%
What improved
-
↑
Equity strengthened
Book equity 566.3k NOK → 710.6k NOK (equity ratio 11.0% → 28.1%). Calculated
-
↑
Payroll decreased
Salary cost 21.28m NOK → 9.97m NOK (97% → 97% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 21.84m NOK to 10.25m NOK (-53.1% YoY). Calculated
-
↓
Cash fell
Bank deposits 468.7k NOK → 131.6k NOK (-71.9% YoY). Calculated