ADVENTURE PHOTO AS: årsregnskap 2011 vs 2010
Shrank 97% on revenue, stronger earnings
approved 2012-05-03; registry 2012-05-09; journal 2012 366185
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVENTURE PHOTO AS. Revenue 752.4k NOK → 23.1k NOK (-96.9%). Net result -86.6k NOK → -31.5k NOK. Equity 187.8k NOK → 156.4k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVENTURE PHOTO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -118.6k NOK → -43.7k NOK (op. margin -15.8% → -189.7%). Calculated
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↑
Net result improved
Net result -86.6k NOK → -31.5k NOK (net margin -11.5% → -136.4%). Calculated
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↑
Payroll decreased
Salary cost 2.12m NOK → 179.7k NOK (281% → 779% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 752.4k NOK to 23.1k NOK (-96.9% YoY). Calculated
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↓
Equity eroded
Book equity 187.8k NOK → 156.4k NOK (equity ratio 73.2% → 73.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 663.5k NOK → 11.4k NOK (-98.3% YoY). Calculated