A-GROSS AS: årsregnskap 2012 vs 2011
Shrank 90% on revenue, slipped into loss
approved 2014-03-03; registry 2014-05-12; journal 2014 396834
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A-GROSS AS. Revenue 3.19m NOK → 332.8k NOK (-89.6%). Net result +495 NOK → -131.8k NOK. Equity -10.59m NOK → -10.73m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A-GROSS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.19m NOK to 332.8k NOK (-89.6% YoY). Calculated
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↓
Operating result weakened
Operating result +3 752 NOK → -127.4k NOK (op. margin 0.1% → -38.3%). Calculated
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Fell into a net loss
Net result flipped from 495 NOK profit to a loss of 131.8k NOK. Calculated
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↓
Equity eroded
Book equity -10.59m NOK → -10.73m NOK (equity ratio -1206.4% → -1876.9%). Calculated
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↓
Cash fell
Bank deposits 577.3k NOK → 338.0k NOK (-41.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1876.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 912.4k NOK → 318.5k NOK (-65.1% YoY). Calculated