AIDCOM HOLDING AS: årsregnskap 2011 vs 2010
Shrank 33% on revenue, stronger earnings
approved 2013-02-27; registry 2013-03-16; journal 2013 317954
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AIDCOM HOLDING AS. Revenue 1.91m NOK → 1.28m NOK (-33.0%). Net result -480.5k NOK → -106.9k NOK. Equity -940.8k NOK → -1.05m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIDCOM HOLDING AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -480.5k NOK → -106.9k NOK (net margin -25.2% → -8.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.91m NOK to 1.28m NOK (-33.0% YoY). Calculated
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↓
Equity eroded
Book equity -940.8k NOK → -1.05m NOK (equity ratio -160.2% → -12723.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.01× — 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 -12723.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation