A. MARTINSEN INVEST AS: årsregnskap 2012 vs 2011
Grew 500% on revenue
approved 2013-06-03; registry 2013-06-19; journal 2013 463216
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A. MARTINSEN INVEST AS. Revenue 200.0k NOK → 1.20m NOK (+500.0%). Equity 4.54m NOK → 4.24m NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. MARTINSEN INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 200.0k NOK to 1.20m NOK (+500.0% YoY). Calculated
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↑
Cash rose
Bank deposits 84.1k NOK → 116.0k NOK (+38.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.66m NOK → 1.38m NOK (829% → 115% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.54m NOK → 4.24m NOK (equity ratio 86.4% → 63.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.53× → 0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 4.16m NOK → 7 500 NOK. Reported fact