4 1/2 FILM AS: årsregnskap 2012 vs 2011
Shrank 28% on revenue
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 4 1/2 FILM AS. Revenue 4.23m NOK → 3.05m NOK (-28.0%). Equity 1.70m NOK → 446.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 1/2 FILM AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.46m NOK → 1.33m NOK (35% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.23m NOK to 3.05m NOK (-28.0% YoY). Calculated
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↓
Equity eroded
Book equity 1.70m NOK → 446.4k NOK (equity ratio 32.0% → 6.7%). Calculated
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↓
COGS moved
COGS / varekostnad 1.37m NOK → 1.55m NOK (+12.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation