ADVICE HUMAN RESOURCES AS: årsregnskap 2011 vs 2010
Shrank 99% on revenue
approved 2012-08-29; registry 2012-09-15; journal 2012 777742
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVICE HUMAN RESOURCES AS. Revenue 4.85m NOK → 26.4k NOK (-99.5%). Equity -234.8k NOK → -360.5k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVICE HUMAN RESOURCES AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -285.9k NOK → -63.0k NOK (op. margin -5.9% → -239.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.85m NOK to 26.4k NOK (-99.5% YoY). Calculated
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↓
Equity eroded
Book equity -234.8k NOK → -360.5k NOK (equity ratio -29.0% → -86.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 18.47× → 0.54× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -86.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 5.04m NOK → 995.0k NOK (-80.2% YoY). Calculated