A. ÅRDAL HOLDING AS: årsregnskap 2012 vs 2011
Stronger earnings, cash halved-plus
approved 2013-03-20; registry 2013-04-09; journal 2013 336484
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A. ÅRDAL HOLDING AS. Net result +46.5k NOK → +723.4k NOK. Equity 442.5k NOK → 1 165 NOK.
On the constructive side: net result improved; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A. ÅRDAL HOLDING AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +46.5k NOK → +723.4k NOK. Calculated
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↑
Current ratio back above 1×
Current ratio 0.76× → 2.95×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 442.5k NOK → 1 165 NOK (equity ratio 52.5% → 0.2%). Calculated
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↓
Cash fell
Bank deposits 304.2k NOK → 44.2k NOK (-85.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation