FirmaIQ
Org.nr 819 731 322 2010 → 2011 Year-over-year analysis

NORGESGRUPPEN ASA: årsregnskap 2011 vs 2010

Shrank 100% on revenue, weaker earnings

approved 2012-03-29; registry 2012-06-16; journal 2012 432184

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for NORGESGRUPPEN ASA. Revenue 237.13m NOK → 248.9k NOK (-99.9%). Net result +1.39bn NOK → +63.17m NOK. Equity 4.15bn NOK → 3.10bn NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORGESGRUPPEN ASA.

At a glance

Scorecard

Revenue
237.13m NOK 248.9k NOK
-99.9%
Operating result
-50.02m NOK -67.24m NOK
-34.4%
Net result
+1.39bn NOK +63.17m NOK
-95.5%
Equity
4.15bn NOK 3.10bn NOK
-25.4%
Cash
2.65m NOK 1.72m NOK
-35.2%
Total assets
15.02bn NOK 14.65bn NOK
-2.5%

What improved

  • ↑

    Payroll decreased

    Salary cost 134.46m NOK → 3.15m NOK (57% → 1267% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 237.13m NOK to 248.9k NOK (-99.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -50.02m NOK → -67.24m NOK (op. margin -21.1% → -27020.8%). Calculated

  • ↓

    Net result weakened

    Net result +1.39bn NOK → +63.17m NOK (net margin 588.1% → 25384.2%). Calculated

  • ↓

    Equity eroded

    Book equity 4.15bn NOK → 3.10bn NOK (equity ratio 27.6% → 21.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.65m NOK → 1.72m NOK (-35.2% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.44bn NOK → 1.44bn NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.70m NOK → 699.0k NOK. Reported fact