ACTIVE PLUSS AS: årsregnskap 2011 vs 2010
Shrank 100% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACTIVE PLUSS AS. Revenue 60.0k NOK → 7 NOK (-100.0%). Net result -286.4k NOK → -686.7k NOK. Equity -410.8k NOK → -1.10m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIVE PLUSS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 60.0k NOK to 7 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -132.1k NOK → -152.3k NOK (op. margin -220.2% → -2175657.1%). Calculated
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↓
Net result weakened
Net result -286.4k NOK → -686.7k NOK (net margin -477.3% → -9810571.4%). Calculated
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↓
Equity eroded
Book equity -410.8k NOK → -1.10m NOK (equity ratio -9.4% → -26.8%). Calculated
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Cash fell
Bank deposits 15.9k NOK → 14.6k NOK (-8.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -26.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation