ADMIT AS: årsregnskap 2011 vs 2010
Shrank 99% on revenue, weaker earnings, cash halved-plus
approved 2012-06-28; registry 2012-07-17; journal 2012 544624
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADMIT AS. Revenue 3.20m NOK → 46.2k NOK (-98.6%). Net result +1.33m NOK → +28.9k NOK. Equity 2.66m NOK → 2.69m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.66m NOK → 2.69m NOK (equity ratio 75.0% → 74.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.20m NOK to 46.2k NOK (-98.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.78m NOK → -409.0k NOK (op. margin 55.7% → -884.5%). Calculated
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↓
Net result weakened
Net result +1.33m NOK → +28.9k NOK (net margin 41.5% → 62.4%). Calculated
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↓
Cash fell
Bank deposits 394.8k NOK → 25.4k NOK (-93.6% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 1.35m NOK → 1.41m NOK (+4.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2.97m NOK → 1.97m NOK. Reported fact