A/S Naufgården: årsregnskap 2012 vs 2011
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A/S Naufgården. Net result -205.3k NOK → -122.2k NOK. Equity 320.5k NOK → 198.3k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Naufgården.
At a glance
Scorecard
Operating result
-229.6k NOK
-138.3k NOK
+39.8%
Net result
-205.3k NOK
-122.2k NOK
+40.5%
Equity
320.5k NOK
198.3k NOK
-38.1%
Cash
366.7k NOK
490.3k NOK
+33.7%
Total assets
3.78m NOK
3.86m NOK
+2.1%
What improved
-
↑
Operating result improved
Operating result -229.6k NOK → -138.3k NOK. Calculated
-
↑
Net result improved
Net result -205.3k NOK → -122.2k NOK. Calculated
-
↑
Cash rose
Bank deposits 366.7k NOK → 490.3k NOK (+33.7% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 320.5k NOK → 198.3k NOK (equity ratio 8.5% → 5.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation