A. LARSEN HUSFLID AS: årsregnskap 2012 vs 2011
Grew 18% on revenue, weaker earnings
approved 2013-06-21; registry 2013-08-24; journal 2013 665428
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A. LARSEN HUSFLID AS. Revenue 2.65m NOK → 3.13m NOK (+18.1%). Net result -7 262 NOK → -191.2k NOK. Equity 631.4k NOK → 440.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A. LARSEN HUSFLID AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.65m NOK to 3.13m NOK (+18.1% YoY). Calculated
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↑
Cash rose
Bank deposits 36.4k NOK → 42.2k NOK (+16.1% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -7 262 NOK → -191.2k NOK (net margin -0.3% → -6.1%). Calculated
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↓
Equity eroded
Book equity 631.4k NOK → 440.2k NOK (equity ratio 64.4% → 262.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.12× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 544.1k NOK → 771.9k NOK (21% → 25% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 3.56m NOK → 923.6k NOK (-74.1% YoY). Calculated