A-MERKING AS: årsregnskap 2012 vs 2011
Shrank 8% on revenue, cash halved-plus
approved 2013-06-04; registry 2013-09-09; journal 2013 773538
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A-MERKING AS. Revenue 15.98m NOK → 14.74m NOK (-7.8%). Equity 468.8k NOK → 563.4k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A-MERKING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 468.8k NOK → 563.4k NOK (equity ratio 14.4% → 17.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.98m NOK to 14.74m NOK (-7.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +738.0k NOK → +298.3k NOK (op. margin 4.6% → 2.0%). Calculated
-
↓
Cash fell
Bank deposits 438.67m NOK → 1 119 NOK (-100.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 5.17m NOK → 5.31m NOK (32% → 36% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (438.67m NOK → 1 119 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 7.32m NOK → 6.64m NOK (-9.2% YoY). Calculated