Org.nr 987 989 297 2010 → 2011 Year-over-year analysis

BLUENORD ASA: årsregnskap 2011 vs 2010

Slipped into loss

approved 2012-03-22; registry 2012-10-02; journal 2012 792888

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2011 with 2010 for BLUENORD ASA. Revenue 0 NOK → 1.59m NOK. Net result +34.42m NOK → -261.30m NOK. Equity 3.32bn NOK → 3.09bn NOK.

On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for BLUENORD ASA.

Scorecard

Revenue
0 NOK 1.59m NOK
—
Operating result
-769.59m NOK -557.69m NOK
+27.5%
Net result
+34.42m NOK -261.30m NOK
-859.1%
Equity
3.32bn NOK 3.09bn NOK
-7.1%
Cash
732.42m NOK 491.90m NOK
-32.8%
Total assets
7.63bn NOK 7.18bn NOK
-5.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 0 NOK to 1.59m NOK. Calculated

  • ↑

    Operating result improved

    Operating result -769.59m NOK → -557.69m NOK. Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 3.25bn NOK → 3.26bn NOK (+14.40m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 11100880000.11bn NOK → 10 NOK. Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 34.42m NOK profit to a loss of 261.30m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 3.32bn NOK → 3.09bn NOK (equity ratio 43.6% → 43.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 732.42m NOK → 491.90m NOK (-32.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 561.53m NOK → 9.37m NOK (-98.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 4.91bn NOK → 5.29bn NOK. Reported fact