AUSTEVOLL SEAFOOD ASA: årsregnskap 2011 vs 2010
Shrank 100% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AUSTEVOLL SEAFOOD ASA. Revenue 4.10m NOK → 8 344 NOK (-99.8%). Net result +1.77m NOK → +526.7k NOK. Equity 4.55bn NOK → 4.55bn NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AUSTEVOLL SEAFOOD ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -22.54m NOK → -28.5k NOK (op. margin -549.3% → -342.1%). Calculated
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Equity strengthened
Book equity 4.55bn NOK → 4.55bn NOK (equity ratio 61.2% → 71.9%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.10m NOK to 8 344 NOK (-99.8% YoY). Calculated
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Net result weakened
Net result +1.77m NOK → +526.7k NOK (net margin 43.0% → 6311.9%). Calculated
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Cash fell
Bank deposits 2.81bn NOK → 652.63m NOK (-76.8% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1.25m NOK → 27451013000.46bn NOK (31% → 328991047464725952% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.81bn NOK → 652.63m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 7.82bn NOK → -7.44m NOK (-100.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 39.56m NOK → -159.6k NOK. Reported fact