Org.nr 994 986 775 2011 → 2012 Year-over-year analysis

123BILMEGLER HARDANGER AS: årsregnskap 2012 vs 2011

Shrank 33% on revenue, cash halved-plus

approved 2013-11-22; registry 2013-11-28; journal 2013 851872

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for 123BILMEGLER HARDANGER AS. Revenue 16.53m NOK → 11.05m NOK (-33.2%). Equity 94.2k NOK → -35.4k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 123BILMEGLER HARDANGER AS.

At a glance

Revenue

16.53m NOK 11.05m NOK

-33.2%

Operating result

+52.7k NOK n/m

—

Net result

+63.5k NOK n/m

—

Equity

94.2k NOK -35.4k NOK

-137.6%

Cash

404.8k NOK 39.9k NOK

-90.1%

Total assets

3.17m NOK 735.3k NOK

-76.8%

↓
Revenue fell

Operating income / revenue moved from 16.53m NOK to 11.05m NOK (-33.2% YoY). Calculated
↓
Equity eroded

Book equity 94.2k NOK → -35.4k NOK (equity ratio 3.0% → -4.8%). Calculated
↓
Cash fell

Bank deposits 404.8k NOK → 39.9k NOK (-90.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.48× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is -4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 15.18m NOK → 9.90m NOK (-34.8% YoY). Calculated