4H-VEST AS: årsregnskap 2012 vs 2011
Weaker earnings, cash halved-plus
approved 2013-06-30; registry 2013-07-04; journal 2013 523643
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 4H-VEST AS. Revenue 442.8k NOK → 439.5k NOK (-0.7%). Net result +108.2k NOK → +55.5k NOK. Equity 4.32m NOK → 4.37m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4H-VEST AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 4.32m NOK → 4.37m NOK (equity ratio 80.1% → 81.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 442.8k NOK to 439.5k NOK (-0.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +264.4k NOK → -24.9k NOK (op. margin 59.7% → -5.7%). Calculated
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↓
Net result weakened
Net result +108.2k NOK → +55.5k NOK (net margin 24.4% → 12.6%). Calculated
-
↓
Cash fell
Bank deposits 134.4k NOK → 44.8k NOK (-66.7% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 677.4k NOK → 553.8k NOK. Reported fact