62 NORD AS: årsregnskap 2012 vs 2011
Grew 17% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 62 NORD AS. Revenue 13.01m NOK → 15.18m NOK (+16.7%). Net result -2.05m NOK → -2.98m NOK. Equity 9.29m NOK → 6.31m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 62 NORD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.01m NOK to 15.18m NOK (+16.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 6.17m NOK → 3 NOK (47% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -1.51m NOK → -2.39m NOK (op. margin -11.6% → -15.7%). Calculated
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↓
Net result weakened
Net result -2.05m NOK → -2.98m NOK (net margin -15.8% → -19.6%). Calculated
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↓
Equity eroded
Book equity 9.29m NOK → 6.31m NOK (equity ratio 24.6% → 18.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 739.7k NOK → 406.3k NOK (-45.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 12.6k NOK → 3.03m NOK. Reported fact