AESOP AS: årsregnskap 2011 vs 2010
Shrank 39% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AESOP AS. Revenue 4.05m NOK → 2.47m NOK (-39.1%). Net result +1 827 NOK → +4 394 NOK. Equity 133.1k NOK → 7 NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for AESOP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +2 487 NOK → +2 922 NOK (op. margin 0.1% → 0.1%). Calculated
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Net result improved
Net result +1 827 NOK → +4 394 NOK (net margin 0.0% → 0.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.05m NOK to 2.47m NOK (-39.1% YoY). Calculated
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↓
Equity eroded
Book equity 133.1k NOK → 7 NOK (equity ratio 38.1% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 6.11m NOK → 107.6k NOK (-98.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.61× → 0.08× — 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 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (6.11m NOK → 107.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation