300 KNOP AS: årsregnskap 2012 vs 2011
Cash halved-plus
approved 2013-09-20; registry 2014-01-30; journal 2014 302270
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 300 KNOP AS. Revenue 375.3k NOK → 361.7k NOK (-3.6%). Equity 18.2k NOK → -35.7k NOK.
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 300 KNOP AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 375.3k NOK to 361.7k NOK (-3.6% YoY). Calculated
-
↓
Operating result weakened
Operating result -41.8k NOK → -45.9k NOK (op. margin -11.1% → -12.7%). Calculated
-
↓
Equity eroded
Book equity 18.2k NOK → -35.7k NOK (equity ratio 5.5% → -17.4%). Calculated
-
↓
Cash fell
Bank deposits 35.8k NOK → 3 015 NOK (-91.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -17.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation