DNO ASA: årsregnskap 2011 vs 2010
Shrank 82% on revenue, weaker earnings, fresh owner capital
approved 2012-04-30; registry 2012-09-01; journal 2012 681066
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for DNO ASA. Revenue 132.41m NOK → 23.30m NOK (-82.4%). Net result -59.78m NOK → -215.00m NOK. Equity 2.22bn NOK → 1.45bn NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for DNO ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +156.00m NOK → +658.00m NOK (op. margin 117.8% → 2823.9%). Calculated
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↑
Cash rose
Bank deposits 1.33m NOK → 1.53bn NOK (+114953.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 4259.67×. Calculated
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↑
Owners injected capital
Paid-in equity rose 1.03m NOK → 469.10m NOK (+468.07m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 132.41m NOK to 23.30m NOK (-82.4% YoY). Calculated
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↓
Net result weakened
Net result -59.78m NOK → -215.00m NOK (net margin -45.1% → -922.7%). Calculated
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↓
Equity eroded
Book equity 2.22bn NOK → 1.45bn NOK (equity ratio 45.5% → 30.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 67.90m NOK → 77.83m NOK (51% → 334% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 8.35m NOK → 8 349 NOK. Reported fact