911-TJENESTEN AS: årsregnskap 2012 vs 2011
Shrank 81% on revenue, stronger earnings
approved 2013-06-30; registry 2013-08-31; journal 2013 720273
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 911-TJENESTEN AS. Revenue 751.8k NOK → 144.3k NOK (-80.8%). Net result +41.3k NOK → +388.1k NOK. Equity 814.8k NOK → 202.9k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 911-TJENESTEN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +101.0k NOK → +576.8k NOK (op. margin 13.4% → 399.9%). Calculated
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Net result improved
Net result +41.3k NOK → +388.1k NOK (net margin 5.5% → 269.1%). Calculated
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Payroll decreased
Salary cost 448.1k NOK → 405.2k NOK (60% → 281% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 751.8k NOK to 144.3k NOK (-80.8% YoY). Calculated
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↓
Equity eroded
Book equity 814.8k NOK → 202.9k NOK (equity ratio 170.4% → 9.8%). Calculated
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Cash fell
Bank deposits 76.5k NOK → 45.3k NOK (-40.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.08× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 44.1k NOK → 24.4k NOK (-44.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 274.3k NOK → 58.5k NOK. Reported fact