FirmaIQ
Org.nr 980 345 106 2011 → 2012 Year-over-year analysis

7 STEEL SERVICE NORWAY AS: årsregnskap 2012 vs 2011

Shrank 6% on revenue

approved 2013-04-03; registry 2013-05-08; journal 2013 377890

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for 7 STEEL SERVICE NORWAY AS. Revenue 738.81m NOK → 691.15m NOK (-6.5%). Equity 87.45m NOK → 72.19m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.

At a glance

Scorecard

Revenue
738.81m NOK 691.15m NOK
-6.5%
Operating result
n/m +27.68m NOK
—
Net result
+21.56m NOK n/m
—
Equity
87.45m NOK 72.19m NOK
-17.5%
Cash
2.76m NOK 3.36m NOK
+21.5%
Total assets
281.38m NOK 264.34m NOK
-6.1%

What improved

  • ↑

    Cash rose

    Bank deposits 2.76m NOK → 3.36m NOK (+21.5% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 738.81m NOK to 691.15m NOK (-6.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 87.45m NOK → 72.19m NOK (equity ratio 31.1% → 27.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 79.92m NOK → 80.30m NOK (11% → 12% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 514.87m NOK → 470.45m NOK (-8.6% YoY). Calculated