SCATEC ASA: årsregnskap 2011 vs 2010
Shrank 96% on revenue, fresh owner capital
approved 2012-06-14; registry 2012-07-23; journal 2012 556711
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for SCATEC ASA. Revenue 546.03m NOK → 19.44m NOK (-96.4%). Equity 326.11m NOK → 311.48m NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 15.94m NOK → 29.28m NOK (+83.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 302.9k NOK → 302.91m NOK (+302.61m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 546.03m NOK to 19.44m NOK (-96.4% YoY). Calculated
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↓
Operating result weakened
Operating result +690.0k NOK → +319.0k NOK (op. margin 0.1% → 1.6%). Calculated
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↓
Equity eroded
Book equity 326.11m NOK → 311.48m NOK (equity ratio 34953.6% → 68.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.39× → 0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 18.04m NOK → 24.06m NOK (3% → 124% of revenue). Calculated