ADVISOR REVISJON & REGNSKAP AS: årsregnskap 2011 vs 2010
Shrank 6% on revenue
approved 2012-02-15; registry 2012-05-21; journal 2012 380345
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVISOR REVISJON & REGNSKAP AS. Revenue 2.92m NOK → 2.74m NOK (-6.2%). Equity 322.5k NOK → 173.8k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVISOR REVISJON & REGNSKAP AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +169 NOK → +228.3k NOK (op. margin 0.0% → 8.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.92m NOK to 2.74m NOK (-6.2% YoY). Calculated
-
↓
Equity eroded
Book equity 322.5k NOK → 173.8k NOK (equity ratio 34.5% → 23.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.35× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 2.12m NOK → 5.88m NOK (73% → 215% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 34.6k NOK → 10 NOK. Reported fact