REACH SUBSEA ASA: årsregnskap 2011 vs 2010
Grew 242% on revenue, stronger earnings
approved 2012-04-18; registry 2012-08-01; journal 2012 574732
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for REACH SUBSEA ASA. Revenue 8.03m NOK → 27.47m NOK (+242.2%). Net result -52.64m NOK → -28.29m NOK. Equity 479.01m NOK → 273.73m NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for REACH SUBSEA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.03m NOK to 27.47m NOK (+242.2% YoY). Calculated
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↑
Net result improved
Net result -52.64m NOK → -28.29m NOK (net margin -655.9% → -103.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.23× → 7.21×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 479.01m NOK → 273.73m NOK (equity ratio 60147.7% → 96.4%). Calculated
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↓
Cash fell
Bank deposits 70.62m NOK → 40.27m NOK (-43.0% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 479.01m NOK → 273.73m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 6.55m NOK → 18.17m NOK (82% → 66% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 283 NOK → 12.0k NOK. Reported fact