4S LIGHTING AS: årsregnskap 2012 vs 2011
Shrank 12% on revenue
approved 2013-06-14; registry 2013-06-24; journal 2013 478808
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 4S LIGHTING AS. Revenue 563.7k NOK → 498.4k NOK (-11.6%). Equity -4.48m NOK → -4.22m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4S LIGHTING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -4.48m NOK → -4.22m NOK (equity ratio -1162.4% → -5167.2%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.76× → 107.53×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 563.7k NOK to 498.4k NOK (-11.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +438.9k NOK → +293.7k NOK (op. margin 77.9% → 58.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5167.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation