4-INVENTORS AS: årsregnskap 2012 vs 2011
Shrank 48% on revenue, stronger earnings
approved 2013-05-23; registry 2013-06-08; journal 2013 439589
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 4-INVENTORS AS. Revenue 296.8k NOK → 155.2k NOK (-47.7%). Net result -41.2k NOK → -22.7k NOK. Equity -303.2k NOK → -325.8k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4-INVENTORS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -41.2k NOK → -22.7k NOK (net margin -13.9% → -14.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 296.8k NOK to 155.2k NOK (-47.7% YoY). Calculated
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↓
Equity eroded
Book equity -303.2k NOK → -325.8k NOK (equity ratio -216.8% → -405.7%). Calculated
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↓
Cash fell
Bank deposits 80.3k NOK → 56.3k NOK (-29.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -405.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 240.4k NOK → 32.8k NOK (-86.4% YoY). Calculated