ACE OPTIONS NORGE AS: årsregnskap 2011 vs 2010
Grew 732% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACE OPTIONS NORGE AS. Revenue 603.8k NOK → 5.02m NOK (+731.9%). Net result +17.2k NOK → -210.2k NOK. Equity 73.5k NOK → -136.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACE OPTIONS NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 603.8k NOK to 5.02m NOK (+731.9% YoY). Calculated
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↑
Cash rose
Bank deposits 62.9k NOK → 148.6k NOK (+136.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +19.1k NOK → -210.4k NOK (op. margin 3.2% → -4.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 17.2k NOK profit to a loss of 210.2k NOK. Calculated
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↓
Equity eroded
Book equity 73.5k NOK → -136.6k NOK (equity ratio 25.5% → -49.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -49.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 NOK → 2.26m NOK (0% → 45% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 370.7k NOK → 4.47m NOK (+1104.8% YoY). Calculated