A COSTA SAKS AS: årsregnskap 2012 vs 2011
Shrank 9% on revenue
approved 2013-05-01; registry 2013-05-11; journal 2013 381112
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A COSTA SAKS AS. Revenue 2.31m NOK → 2.11m NOK (-8.7%). Equity 149.6k NOK → 33.5k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A COSTA SAKS AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.31m NOK to 2.11m NOK (-8.7% YoY). Calculated
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↓
Equity eroded
Book equity 149.6k NOK → 33.5k NOK (equity ratio 28.1% → 8.2%). Calculated
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↓
Cash fell
Bank deposits 443.3k NOK → 222.0k NOK (-49.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.34× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1.24m NOK → 1.40m NOK (54% → 67% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 369.5k NOK → 242.7k NOK (-34.3% YoY). Calculated