ADAPTIV ARKITEKTUR AS: årsregnskap 2011 vs 2010
Grew 124% on revenue, weaker earnings
approved 2012-03-29; registry 2012-04-10; journal 2012 329112
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADAPTIV ARKITEKTUR AS. Revenue 114.8k NOK → 257.6k NOK (+124.4%). Net result -34.4k NOK → -80.6k NOK. Equity 66.4k NOK → -14.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADAPTIV ARKITEKTUR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 114.8k NOK to 257.6k NOK (+124.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -34.5k NOK → -77.8k NOK (op. margin -30.1% → -30.2%). Calculated
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↓
Net result weakened
Net result -34.4k NOK → -80.6k NOK (net margin -30.0% → -31.3%). Calculated
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↓
Equity eroded
Book equity 66.4k NOK → -14.2k NOK (equity ratio 57.9% → -15.3%). Calculated
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↓
Cash fell
Bank deposits 52.9k NOK → 43.8k NOK (-17.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.55× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 102 NOK → 233.6k NOK (2% → 91% of revenue). Calculated