FirmaIQ
Org.nr 996 819 000 2010 → 2011 Year-over-year analysis

VOW ASA: årsregnskap 2011 vs 2010

Weaker earnings

approved 2012-09-10; registry 2012-10-17; journal 2012 801809

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for VOW ASA. Net result +13.36m NOK → +2.74m NOK. Equity 178.0k NOK → 180 NOK.

Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for VOW ASA.

At a glance

Scorecard

Revenue
n/m 0 NOK
—
Net result
+13.36m NOK +2.74m NOK
-79.5%
Equity
178.0k NOK 180 NOK
-99.9%
Cash
3.13m NOK 2.26m NOK
-27.6%
Total assets
0 NOK 221.5k NOK
—

What deteriorated

  • ↓

    Net result weakened

    Net result +13.36m NOK → +2.74m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 178.0k NOK → 180 NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 3.13m NOK → 2.26m NOK (-27.6% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 14.53m NOK → 21.00m NOK. Calculated

  • ↓

    COGS moved

    COGS / varekostnad 51.34m NOK → 4.12bn NOK (+7929.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 178.0k NOK → 180 NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 96.0k NOK → 221 NOK. Reported fact