VOIM ASA: årsregnskap 2010 vs 2009
Shrank 100% on revenue, weaker earnings
approved 2011-06-22; registry 2011-08-30; journal 2011 660055
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for VOIM ASA. Revenue 366.70m NOK → 422.6k NOK (-99.9%). Net result -81.30m NOK → -203.94m NOK. Equity 192.93m NOK → 198.0k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for VOIM ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -63.44m NOK → -24.87m NOK (op. margin -17.3% → -5884.7%). Calculated
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↑
Payroll decreased
Salary cost 6.18m NOK → 6.17m NOK (2% → 1461% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 366.70m NOK to 422.6k NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result -81.30m NOK → -203.94m NOK (net margin -22.2% → -48258.2%). Calculated
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↓
Equity eroded
Book equity 192.93m NOK → 198.0k NOK (equity ratio 31.6% → 29.3%). Calculated
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↓
Cash fell
Bank deposits 163.25m NOK → 139.61m NOK (-14.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1051.23× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 487.06m NOK → 696.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 24.59m NOK → 69.05m NOK. Reported fact