ADD ENERGY GROUP AS: årsregnskap 2011 vs 2010
Shrank 16% on revenue, stronger earnings, cash halved-plus
approved 2012-05-08; registry 2012-09-15; journal 2012 772464
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADD ENERGY GROUP AS. Revenue 9.43m NOK → 7.93m NOK (-15.9%). Net result +23 NOK → +1.69m NOK. Equity 257.08m NOK → 283.4k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +23 NOK → +1.69m NOK (net margin 0.0% → 21.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.43m NOK to 7.93m NOK (-15.9% YoY). Calculated
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↓
Operating result weakened
Operating result -17.97m NOK → -18.28m NOK (op. margin -190.5% → -230.5%). Calculated
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↓
Equity eroded
Book equity 257.08m NOK → 283.4k NOK (equity ratio 70.2% → 62.5%). Calculated
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↓
Cash fell
Bank deposits 5.10m NOK → 338.0k NOK (-93.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 33 NOK → 25.15m NOK (0% → 317% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.10m NOK → 338.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 257.43m NOK → 280.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 629.0k NOK → 153.0k NOK (-75.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 32 NOK → 419.1k NOK. Reported fact