2H ELEKTRO AS: årsregnskap 2012 vs 2011
Grew 128% on revenue, weaker earnings
approved 2013-03-06; registry 2013-06-05; journal 2013 434329
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 2H ELEKTRO AS. Revenue 381.5k NOK → 870.8k NOK (+128.3%). Net result +113.7k NOK → +21.9k NOK. Equity 215.8k NOK → 237.7k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 2H ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 381.5k NOK to 870.8k NOK (+128.3% YoY). Calculated
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↑
Equity strengthened
Book equity 215.8k NOK → 237.7k NOK (equity ratio 70.0% → 64.5%). Calculated
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↑
Cash rose
Bank deposits 218.8k NOK → 249.3k NOK (+13.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +154.7k NOK → +30.4k NOK (op. margin 40.6% → 3.5%). Calculated
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↓
Net result weakened
Net result +113.7k NOK → +21.9k NOK (net margin 29.8% → 2.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4 061 NOK → 1.42m NOK (1% → 163% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 169.4k NOK → 308.8k NOK (+82.3% YoY). Calculated