A PEDERSEN & SØNN AS: årsregnskap 2012 vs 2011
Shrank 69% on revenue, cash halved-plus
approved 2013-06-30; registry 2013-09-16; journal 2013 814452
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A PEDERSEN & SØNN AS. Revenue 31.30m NOK → 9.58m NOK (-69.4%). Equity 9.46m NOK → 10.11m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for A PEDERSEN & SØNN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 9.46m NOK → 10.11m NOK (equity ratio 38.7% → 40.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.57× → 1.81×. Calculated
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↑
Payroll decreased
Salary cost 6.22m NOK → -460.2k NOK (20% → -5% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 31.30m NOK to 9.58m NOK (-69.4% YoY). Calculated
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↓
Cash fell
Bank deposits 2.79m NOK → 795.4k NOK (-71.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.79m NOK → 795.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 10.32m NOK → 763.0k NOK (-92.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3 283 NOK → 230.0k NOK. Reported fact