ENSURGE MICROPOWER ASA: årsregnskap 2011 vs 2010
Grew 3811% on revenue, cash halved-plus, fresh owner capital
approved 2011-04-13; registry 2012-06-20; journal 2012 442889
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ENSURGE MICROPOWER ASA. Revenue 45.0k NOK → 1.76m NOK (+3811.1%). Equity 15.00m NOK → 4.36m NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ENSURGE MICROPOWER ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 45.0k NOK to 1.76m NOK (+3811.1% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 56.13m NOK → 84.54m NOK (+28.41m NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result -24.98m NOK → -37.14m NOK (op. margin -55508.9% → -2110.2%). Calculated
-
↓
Equity eroded
Book equity 15.00m NOK → 4.36m NOK (equity ratio 70.0% → 38.4%). Calculated
-
↓
Cash fell
Bank deposits 17.53m NOK → 6.81m NOK (-61.2% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (17.53m NOK → 6.81m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 18.84m NOK → 942.0k NOK (-95.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 2.44m NOK → 2.02m NOK. Reported fact