3P DISTRIBUSJON AS: årsregnskap 2012 vs 2011
Shrank 92% on revenue
approved 2013-06-28; registry 2013-08-31; journal 2013 708454
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 3P DISTRIBUSJON AS. Revenue 404.4k NOK → 32.5k NOK (-92.0%). Net result +2 013 NOK → +28 NOK. Equity -720.8k NOK → -789.2k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3P DISTRIBUSJON AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -371.9k NOK → -53.8k NOK (op. margin -92.0% → -165.6%). Calculated
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Cash rose
Bank deposits 25.8k NOK → 56.5k NOK (+118.6% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 404.4k NOK to 32.5k NOK (-92.0% YoY). Calculated
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Net result weakened
Net result +2 013 NOK → +28 NOK (net margin 0.5% → 0.1%). Calculated
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Equity eroded
Book equity -720.8k NOK → -789.2k NOK (equity ratio -145.4% → -186.0%). Calculated
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Payroll up without matching revenue
Salary cost 2 558 NOK → 41.7k NOK (1% → 128% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 395.2k NOK → 750.1k NOK (+89.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -186.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation