Org.nr 985 012 059 2010 → 2011 Year-over-year analysis

NAVAMEDIC ASA: årsregnskap 2011 vs 2010

Shrank 100% on revenue, cash halved-plus

approved 2012-04-12; registry 2012-09-04; journal 2012 717587

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for NAVAMEDIC ASA. Revenue 73.0k NOK → 0 NOK (-100.0%). Equity 101.91m NOK → 95.06m NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for NAVAMEDIC ASA.

At a glance

Revenue

73.0k NOK 0 NOK

-100.0%

Operating result

-10.24m NOK -9.44m NOK

+7.9%

Net result

-7.33m NOK n/m

—

Equity

101.91m NOK 95.06m NOK

-6.7%

Cash

6.14m NOK -9.93m NOK

-261.9%

Total assets

104.46m NOK 105.26m NOK

+0.8%

↑
Operating result improved

Operating result -10.24m NOK → -9.44m NOK. Calculated

↓
Revenue fell

Operating income / revenue moved from 73.0k NOK to 0 NOK (-100.0% YoY). Calculated
↓
Equity eroded

Book equity 101.91m NOK → 95.06m NOK (equity ratio 97.6% → 90.3%). Calculated
↓
Cash fell

Bank deposits 6.14m NOK → -9.93m NOK (-261.9% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 4.01m NOK → 5.59m NOK. Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (6.14m NOK → -9.93m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 2.03m NOK → 2 027 NOK (-99.9% YoY). Calculated