A/S C. Sundtsgt. 54: årsregnskap 2012 vs 2011
Cash halved-plus
approved 2013-07-03; registry 2013-07-13; journal 2013 557361
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A/S C. Sundtsgt. 54. Revenue 6.46m NOK → 6.77m NOK (+4.8%). Net result +2.38m NOK → +2.65m NOK. Equity 4.55m NOK → 4.98m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for A/S C. Sundtsgt. 54.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.46m NOK to 6.77m NOK (+4.8% YoY). Calculated
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↑
Operating result improved
Operating result +3.44m NOK → +3.79m NOK (op. margin 53.3% → 56.0%). Calculated
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Net result improved
Net result +2.38m NOK → +2.65m NOK (net margin 36.8% → 39.1%). Calculated
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↑
Equity strengthened
Book equity 4.55m NOK → 4.98m NOK (equity ratio 36.5% → 38.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 970.63m NOK → 1 116 NOK (-100.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.42× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (970.63m NOK → 1 116 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 207.1k NOK → 248.2k NOK (3% → 4% of revenue). Calculated