3-T BYGG AS: årsregnskap 2012 vs 2011
Grew 53% on revenue, cash halved-plus
approved 2013-04-11; registry 2013-04-20; journal 2013 346524
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 3-T BYGG AS. Revenue 13.42m NOK → 20.55m NOK (+53.1%). Equity 1.29m NOK → 1.91m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3-T BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.42m NOK to 20.55m NOK (+53.1% YoY). Calculated
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↑
Operating result improved
Operating result +457.0k NOK → +1.59m NOK (op. margin 3.4% → 7.7%). Calculated
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↑
Equity strengthened
Book equity 1.29m NOK → 1.91m NOK (equity ratio 27.9% → 28.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.32m NOK → 441.1k NOK (-66.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.34× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.32m NOK → 441.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 3.64m NOK → 4.17m NOK (27% → 20% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 7.33m NOK → 13.37m NOK (+82.5% YoY). Calculated