FirmaIQ
Org.nr 948 234 130 2011 → 2012 Year-over-year analysis

A.L. HØYER AS: årsregnskap 2012 vs 2011

Shrank 6% on revenue, stronger earnings

approved 2013-01-28; registry 2013-01-31; journal 2013 302544

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for A.L. HØYER AS. Revenue 18.07m NOK → 17.06m NOK (-5.6%). Net result +781.2k NOK → +1.22m NOK. Equity 1.83m NOK → 1.74m NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A.L. HØYER AS.

At a glance

Scorecard

Revenue
18.07m NOK 17.06m NOK
-5.6%
Operating result
+457.6k NOK +1.66m NOK
+262.8%
Net result
+781.2k NOK +1.22m NOK
+56.5%
Equity
1.83m NOK 1.74m NOK
-5.3%
Cash
3.41m NOK 4.12m NOK
+20.7%
Total assets
6.54m NOK 6.69m NOK
+2.3%

What improved

  • ↑

    Operating result improved

    Operating result +457.6k NOK → +1.66m NOK (op. margin 2.5% → 9.7%). Calculated

  • ↑

    Net result improved

    Net result +781.2k NOK → +1.22m NOK (net margin 4.3% → 7.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.41m NOK → 4.12m NOK (+20.7% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.07m NOK to 17.06m NOK (-5.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 1.83m NOK → 1.74m NOK (equity ratio 28.1% → 26.0%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 NOK → 11.92m NOK (0% → 70% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.95m NOK → 767.0k NOK (-60.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 315.9k NOK → 458.5k NOK. Reported fact