3 ÈRN TRAFIKKSKOLE AS: årsregnskap 2012 vs 2011
Mixed movements in the accounts
approved 2013-06-05; registry 2013-08-24; journal 2013 666446
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 3 ÈRN TRAFIKKSKOLE AS. Revenue 6.14m NOK → 5.87m NOK (-4.3%). Equity 288.7k NOK → -118.9k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3 ÈRN TRAFIKKSKOLE AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.14m NOK to 5.87m NOK (-4.3% YoY). Calculated
-
↓
Equity eroded
Book equity 288.7k NOK → -118.9k NOK (equity ratio 49.2% → -12.1%). Calculated
-
↓
Cash fell
Bank deposits 774.1k NOK → 649.4k NOK (-16.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.91× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 2.37m NOK → 2.66m NOK (39% → 45% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -12.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation