VOIM ASA: årsregnskap 2011 vs 2010
Grew 80% on revenue, stronger earnings, cash halved-plus
approved 2012-06-22; registry 2012-07-24; journal 2012 559467
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for VOIM ASA. Revenue 422.6k NOK → 762.6k NOK (+80.5%). Net result -203.94m NOK → -34.34m NOK. Equity 198.0k NOK → 441.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for VOIM ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 422.6k NOK to 762.6k NOK (+80.5% YoY). Calculated
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Operating result improved
Operating result -24.87m NOK → -12.65m NOK (op. margin -5884.7% → -1658.6%). Calculated
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Net result improved
Net result -203.94m NOK → -34.34m NOK (net margin -48258.2% → -4502.5%). Calculated
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Equity strengthened
Book equity 198.0k NOK → 441.9k NOK (equity ratio 29.3% → 48.9%). Calculated
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Owners injected capital
Paid-in equity rose 696.0k NOK → 974.3k NOK (+278.2k NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 139.61m NOK → 297.1k NOK (-99.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (139.61m NOK → 297.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 6.17m NOK → 6.23m NOK (1461% → 817% of revenue). Calculated
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COGS moved
COGS / varekostnad 3 NOK → 4.34m NOK (+144597100.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 69.05m NOK → 121.10m NOK. Reported fact