TECHSTEP ASA: årsregnskap 2011 vs 2010
Shrank 11% on revenue
approved 2012-05-25; registry 2012-09-05; journal 2012 733780
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for TECHSTEP ASA. Revenue 41.68m NOK → 36.96m NOK (-11.3%). Equity 113.33m NOK → 7 NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for TECHSTEP ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 8.72m NOK → 29.98m NOK (+243.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.96× → 1.99×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 41.68m NOK to 36.96m NOK (-11.3% YoY). Calculated
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↓
Operating result weakened
Operating result -34.66m NOK → -34.97m NOK (op. margin -83.2% → -94.6%). Calculated
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↓
Equity eroded
Book equity 113.33m NOK → 7 NOK (equity ratio 77.2% → 0.0%). Calculated
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↓
COGS moved
COGS / varekostnad 5.60m NOK → 6.16m NOK (+10.0% YoY). 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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·
Paid-in equity reduced
Paid-in equity fell 350.56m NOK → 7.31m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 107.81m NOK → 50.0k NOK. Reported fact