911 HOLDING AS: årsregnskap 2012 vs 2011
Grew 100% on revenue, returned to profit, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 911 HOLDING AS. Revenue 108.94m NOK → 217.40m NOK (+99.6%). Net result -216.5k NOK → +556.1k NOK. Equity 10.97m NOK → 10.42m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for 911 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 108.94m NOK to 217.40m NOK (+99.6% YoY). Calculated
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Operating result improved
Operating result -94.4k NOK → -25.6k NOK (op. margin -0.1% → -0.0%). Calculated
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Turned profitable
Net result flipped from a loss of 216.5k NOK to a profit of 556.1k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.97m NOK → 10.42m NOK (equity ratio 63.7% → 13.3%). Calculated
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↓
Cash fell
Bank deposits 17.7k NOK → 5 255 NOK (-70.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 8.30m NOK → 11.18m NOK (8% → 5% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 16.89m NOK → 45.2k NOK. Reported fact