A&O SEAFOOD EXPORT AS: årsregnskap 2012 vs 2011
Shrank 10% on revenue, cash halved-plus
approved 2013-06-18; registry 2013-08-28; journal 2013 695231
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A&O SEAFOOD EXPORT AS. Revenue 9.97m NOK → 8.99m NOK (-9.9%). Equity -1.02m NOK → -685.8k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A&O SEAFOOD EXPORT AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -1.02m NOK → -685.8k NOK (equity ratio -36.5% → -21.3%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.67× → 1.11×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 9.97m NOK to 8.99m NOK (-9.9% YoY). Calculated
-
↓
Cash fell
Bank deposits 18.7k NOK → 3 432 NOK (-81.6% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.41m NOK → 3.28m NOK (14% → 36% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 8.43m NOK → 7.76m NOK (-7.9% YoY). Calculated