ADMIRAL OFFSHORE AS: årsregnskap 2011 vs 2010
Slipped into loss
approved 2012-06-28; registry 2012-08-11; journal 2012 598147
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADMIRAL OFFSHORE AS. Revenue 0 NOK → 6 946 NOK. Net result +270.1k NOK → -313.1k NOK. Equity -21.2k NOK → -334.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADMIRAL OFFSHORE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 6 946 NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -20.2k NOK → -42.2k NOK. Calculated
-
↓
Fell into a net loss
Net result flipped from 270.1k NOK profit to a loss of 313.1k NOK. Calculated
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↓
Equity eroded
Book equity -21.2k NOK → -334.3k NOK (equity ratio -2.5% → -59.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -59.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 37.3k NOK. Reported fact