88 HOLDING AS: årsregnskap 2012 vs 2011
Shrank 18% on revenue, cash halved-plus
approved 2013-06-19; registry 2013-08-13; journal 2013 630347
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 88 HOLDING AS. Revenue 720.0k NOK → 590.0k NOK (-18.1%). Equity 2.68m NOK → 3.17m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 88 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.68m NOK → 3.17m NOK (equity ratio 15.5% → 18.3%). Calculated
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↑
Payroll decreased
Salary cost 590.4k NOK → 375.7k NOK (82% → 64% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 720.0k NOK to 590.0k NOK (-18.1% YoY). Calculated
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↓
Cash fell
Bank deposits 419.6k NOK → 11.5k NOK (-97.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.69× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 16.42m NOK → 15.21m NOK. Reported fact