OSLO BØRS ASA: årsregnskap 2011 vs 2010
Shrank 69% on revenue, cash halved-plus
approved 2011-05-07; registry 2012-05-23; journal 2012 385037
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for OSLO BØRS ASA. Revenue 1.45m NOK → 454.3k NOK (-68.7%). Equity 257.65m NOK → 290.8k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for OSLO BØRS ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +255.6k NOK → +242.83m NOK (op. margin 17.6% → 53447.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.45m NOK to 454.3k NOK (-68.7% YoY). Calculated
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↓
Equity eroded
Book equity 257.65m NOK → 290.8k NOK (equity ratio 36.2% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 287.49m NOK → 301.3k NOK (-99.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 15 NOK → 15.11bn NOK (0% → 3325606% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (287.49m NOK → 301.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 1 NOK → 210.61m NOK. Reported fact