4HUMAN TQM AS: årsregnskap 2012 vs 2011
Grew 20% on revenue
approved 2013-02-21; registry 2013-03-02; journal 2013 307987
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 4HUMAN TQM AS. Revenue 7.98m NOK → 9.57m NOK (+19.9%). Equity 1.91m NOK → 918.6k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4HUMAN TQM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.98m NOK to 9.57m NOK (+19.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.91m NOK → 918.6k NOK (equity ratio 26.2% → 14.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 1.23m NOK → 441.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 4.40m NOK → 5.34m NOK (55% → 56% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 163.0k NOK → 994.7k NOK (+510.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 778 NOK → 3 336 NOK. Reported fact