A-MASKIN AS: årsregnskap 2012 vs 2011
Shrank 44% on revenue, slipped into loss, cash halved-plus
approved 2013-04-09; registry 2013-05-28; journal 2013 409299
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A-MASKIN AS. Revenue 10.39m NOK → 5.81m NOK (-44.1%). Net result +138.5k NOK → -221.7k NOK. Equity 242.4k NOK → -464.1k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A-MASKIN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +164.2k NOK → +178.6k NOK (op. margin 1.6% → 3.1%). Calculated
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Payroll decreased
Salary cost 828.4k NOK → 671.7k NOK (8% → 12% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 10.39m NOK to 5.81m NOK (-44.1% YoY). Calculated
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Fell into a net loss
Net result flipped from 138.5k NOK profit to a loss of 221.7k NOK. Calculated
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Equity eroded
Book equity 242.4k NOK → -464.1k NOK (equity ratio 13.7% → -39.6%). Calculated
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Cash fell
Bank deposits 658.7k NOK → 209.8k NOK (-68.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -39.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 8.70m NOK → 4.64m NOK (-46.7% YoY). Calculated