FirmaIQ
Org.nr 989 307 606 2010 → 2011 Year-over-year analysis

ECOTEQ ENERGY ASA: årsregnskap 2011 vs 2010

Grew 79226% on revenue, fresh owner capital

approved 2012-06-07; journal 2012 496262

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ECOTEQ ENERGY ASA. Revenue 12.9k NOK → 10.23m NOK (+79225.6%). Net result -88.29m NOK → -103.97m NOK. Equity 161.58m NOK → 185.4k NOK.

On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
12.9k NOK 10.23m NOK
+79225.6%
Operating result
-17.02m NOK n/m
—
Net result
-88.29m NOK -103.97m NOK
-17.8%
Equity
161.58m NOK 185.4k NOK
-99.9%
Cash
2.73m NOK 11.47m NOK
+319.8%
Total assets
166.88m NOK 186.7k NOK
-99.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 12.9k NOK to 10.23m NOK (+79225.6% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 2.73m NOK → 11.47m NOK (+319.8% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 517.2k NOK → 256.32m NOK (+255.81m NOK). Reported fact

What deteriorated

  • ↓

    Net result weakened

    Net result -88.29m NOK → -103.97m NOK (net margin -684434.1% → -1016.0%). Calculated

  • ↓

    Equity eroded

    Book equity 161.58m NOK → 185.4k NOK (equity ratio 96.8% → 99.3%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 22.64m NOK → 18.12m NOK (-19.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 300.0k NOK → 301.3k NOK. Reported fact