ACCESS EVENT AS: årsregnskap 2011 vs 2010
Shrank 99% on revenue
approved 2012-08-31; registry 2012-09-11; journal 2012 756230
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACCESS EVENT AS. Revenue 9.20m NOK → 81.3k NOK (-99.1%). Equity 130.1k NOK → -588.9k NOK.
Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACCESS EVENT AS.
At a glance
Scorecard
Revenue
9.20m NOK
81.3k NOK
-99.1%
Operating result
+186.7k NOK
n/m
—
Equity
130.1k NOK
-588.9k NOK
-552.7%
Cash
n/m
294.6k NOK
—
Total assets
1.73m NOK
6.81m NOK
+293.2%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 9.20m NOK to 81.3k NOK (-99.1% YoY). Calculated
-
↓
Equity eroded
Book equity 130.1k NOK → -588.9k NOK (equity ratio 7.5% → -8.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -8.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 7.26m NOK → 994.0k NOK (-86.3% YoY). Calculated