ADRESSEAVISEN AS: årsregnskap 2011 vs 2010
Shrank 100% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADRESSEAVISEN AS. Revenue 648.51m NOK → 683.8k NOK (-99.9%). Net result +52.88m NOK → +71.0k NOK. Equity 145.85m NOK → 14.17m NOK.
On the constructive side: operating result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRESSEAVISEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +35.4k NOK → +46.6k NOK (op. margin 0.0% → 6.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.91× → 1.25×. Calculated
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↑
Payroll decreased
Salary cost 213.50m NOK → 9.23m NOK (33% → 1349% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 648.51m NOK to 683.8k NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result +52.88m NOK → +71.0k NOK (net margin 8.2% → 10.4%). Calculated
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↓
Equity eroded
Book equity 145.85m NOK → 14.17m NOK (equity ratio 36.9% → 3338.7%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 105.87m NOK → 7 224 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 133.45m NOK → 139.4k NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 9.42m NOK → 10.1k NOK. Reported fact