Org.nr 947 454 838 2011 → 2012 Year-over-year analysis

A/S Hørtefossen: årsregnskap 2012 vs 2011

Grew 32% on revenue, weaker earnings

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for A/S Hørtefossen. Revenue 5.40m NOK → 7.12m NOK (+32.0%). Net result +693.8k NOK → +104.5k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S Hørtefossen.

At a glance

Revenue

5.40m NOK 7.12m NOK

+32.0%

Operating result

+893.3k NOK +1 430 NOK

-99.8%

Net result

+693.8k NOK +104.5k NOK

-84.9%

Equity

n/m 2.99m NOK

—

Cash

1.78m NOK 1.41m NOK

-20.8%

Total assets

4.16m NOK 4.80m NOK

+15.4%

↑
Revenue rose

Operating income / revenue moved from 5.40m NOK to 7.12m NOK (+32.0% YoY). Calculated

↓
Operating result weakened

Operating result +893.3k NOK → +1 430 NOK (op. margin 16.6% → 0.0%). Calculated
↓
Net result weakened

Net result +693.8k NOK → +104.5k NOK (net margin 12.9% → 1.5%). Calculated
↓
Cash fell

Bank deposits 1.78m NOK → 1.41m NOK (-20.8% YoY). Calculated

·
COGS fell

COGS / varekostnad 2.05m NOK → 1.88m NOK (-8.0% YoY). Calculated
·
Book investments changed

Investment / intangible book value 155.9k NOK → 123.2k NOK. Reported fact