ACCENDIA AS: årsregnskap 2011 vs 2010
Shrank 100% on revenue, cash halved-plus
approved 2012-03-30; registry 2013-04-04; journal 2013 331769
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACCENDIA AS. Revenue 75.0k NOK → 0 NOK (-100.0%). Net result +455.5k NOK → +391.8k NOK. Equity -1.38m NOK → -1.77m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACCENDIA AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 75.0k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +121.1k NOK → +32.3k NOK. Calculated
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↓
Net result weakened
Net result +455.5k NOK → +391.8k NOK. Calculated
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↓
Equity eroded
Book equity -1.38m NOK → -1.77m NOK (equity ratio -40.2% → -709.2%). Calculated
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↓
Cash fell
Bank deposits 19.3k NOK → 6 807 NOK (-64.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -709.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 3.40m NOK → 28.5k NOK. Reported fact