Org.nr 975 339 793 2011 → 2012 Year-over-year analysis

3 TS INDUSTRISERVICE AS: årsregnskap 2012 vs 2011

A steady year on the published lines

approved 2013-08-30; registry 2013-09-10; journal 2013 781348

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for 3 TS INDUSTRISERVICE AS. Revenue 13.86m NOK → 13.64m NOK (-1.6%). Equity 780.5k NOK → 338.1k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3 TS INDUSTRISERVICE AS.

At a glance

Revenue

13.86m NOK 13.64m NOK

-1.6%

Operating result

+2.57m NOK +714.5k NOK

-72.2%

Net result

n/m +557.6k NOK

—

Equity

780.5k NOK 338.1k NOK

-56.7%

Cash

2.13m NOK 1.67m NOK

-21.9%

Total assets

5.57m NOK 6.73m NOK

+20.8%

↓
Revenue fell

Operating income / revenue moved from 13.86m NOK to 13.64m NOK (-1.6% YoY). Calculated
↓
Operating result weakened

Operating result +2.57m NOK → +714.5k NOK (op. margin 18.5% → 5.2%). Calculated
↓
Equity eroded

Book equity 780.5k NOK → 338.1k NOK (equity ratio 14.0% → 5.0%). Calculated
↓
Cash fell

Bank deposits 2.13m NOK → 1.67m NOK (-21.9% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 7.49m NOK → 7.62m NOK (54% → 56% of revenue). Calculated

·
Thin equity buffer

Equity ratio is 5.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation