Org.nr 928 613 941 2010 → 2011 Year-over-year analysis

SCANA ASA: årsregnskap 2011 vs 2010

Grew 39% on revenue, cash halved-plus

approved 2012-04-12; registry 2012-08-15; journal 2012 609716

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for SCANA ASA. Revenue 37.53m NOK → 51.98m NOK (+38.5%). Equity 401.63m NOK → 395.70m NOK.

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

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

At a glance

Revenue

37.53m NOK 51.98m NOK

+38.5%

Operating result

-11.24m NOK -1.51m NOK

+86.6%

Net result

n/m -83.75m NOK

—

Equity

401.63m NOK 395.70m NOK

-1.5%

Cash

53.71m NOK 3.04m NOK

-94.3%

Total assets

1.09bn NOK 967.81m NOK

-10.9%

↑
Revenue rose

Operating income / revenue moved from 37.53m NOK to 51.98m NOK (+38.5% YoY). Calculated
↑
Operating result improved

Operating result -11.24m NOK → -1.51m NOK (op. margin -29.9% → -2.9%). Calculated
↑
Owners injected capital

Paid-in equity rose 325.1k NOK → 326.6k NOK (+1 541 NOK). Reported fact
↑
Payroll decreased

Salary cost 14.82m NOK → 14.27m NOK (39% → 27% of revenue). Calculated

↓
Equity eroded

Book equity 401.63m NOK → 395.70m NOK (equity ratio 37.0% → 40.9%). Calculated
↓
Cash fell

Bank deposits 53.71m NOK → 3.04m NOK (-94.3% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (53.71m NOK → 3.04m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS moved

COGS / varekostnad 12.74m NOK → 12.87m NOK (+1.1% YoY). Calculated