A. NEGAARD AS: årsregnskap 2012 vs 2011
Shrank 100% on revenue, weaker earnings
approved 2013-06-14; registry 2013-06-24; journal 2013 479624
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A. NEGAARD AS. Revenue 2.52m NOK → 1 NOK (-100.0%). Net result +665.8k NOK → +339.4k NOK. Equity 818.2k NOK → 13 NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A. NEGAARD AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.31× → 4.51×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.52m NOK to 1 NOK (-100.0% YoY). Calculated
-
↓
Net result weakened
Net result +665.8k NOK → +339.4k NOK (net margin 26.5% → 33938900.0%). Calculated
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↓
Equity eroded
Book equity 818.2k NOK → 13 NOK (equity ratio 93.1% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 835.1k NOK → 643.3k NOK (-23.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 0 NOK → 422.6k NOK (0% → 42262800% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 200.0k NOK → 13.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 118.7k NOK → 10.12m NOK. Reported fact