ACCESS INNOVATION AS: årsregnskap 2011 vs 2010
Shrank 91% on revenue, slipped into loss
approved 2012-08-31; registry 2012-09-11; journal 2012 756280
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACCESS INNOVATION AS. Revenue 8.39m NOK → 780.9k NOK (-90.7%). Net result +1.49m NOK → -1.31m NOK. Equity 5.69m NOK → 4.38m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCESS INNOVATION AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 8.39m NOK to 780.9k NOK (-90.7% YoY). Calculated
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Operating result weakened
Operating result +2.29m NOK → -1.25m NOK (op. margin 27.3% → -160.3%). Calculated
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Fell into a net loss
Net result flipped from 1.49m NOK profit to a loss of 1.31m NOK. Calculated
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Equity eroded
Book equity 5.69m NOK → 4.38m NOK (equity ratio 74.7% → 74.5%). Calculated
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Payroll up without matching revenue
Salary cost 3.53m NOK → 3.65m NOK (42% → 468% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 104.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 5.32m NOK → 153.3k NOK (-97.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 38.5k NOK → 1 NOK. Reported fact