ELOPAK ASA: årsregnskap 2011 vs 2010
Shrank 100% on revenue, weaker earnings
approved 2011-03-05; registry 2012-07-03; journal 2012 491345
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ELOPAK ASA. Revenue 316.37m NOK → 354.6k NOK (-99.9%). Net result +164.19m NOK → +88.27m NOK. Equity 700.2k NOK → 636.62m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ELOPAK ASA.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 700.2k NOK → 636.62m NOK (equity ratio 0.0% → 35.1%). Calculated
-
↑
Payroll decreased
Salary cost 4.10bn NOK → 4.10m NOK (1297% → 1158% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 316.37m NOK to 354.6k NOK (-99.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +2 010 NOK → -64.78m NOK (op. margin 0.0% → -18270.2%). Calculated
-
↓
Net result weakened
Net result +164.19m NOK → +88.27m NOK (net margin 51.9% → 24894.9%). Calculated
-
↓
Cash fell
Bank deposits 3.94m NOK → 3.67m NOK (-6.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1102.97× → 0.67× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 507.50m NOK → 636.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 182.47m NOK → 220.4k NOK (-99.9% YoY). Calculated