A/S Rep-Rek: årsregnskap 2012 vs 2011
Shrank 10% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A/S Rep-Rek. Revenue 14.45m NOK → 12.97m NOK (-10.2%). Net result -188.3k NOK → +649.9k NOK. Equity 6.39m NOK → 511.3k NOK.
On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A/S Rep-Rek.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -59.6k NOK → +633.7k NOK (op. margin -0.4% → 4.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 188.3k NOK to a profit of 649.9k NOK. Calculated
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↑
Payroll decreased
Salary cost 6.08m NOK → 4.28m NOK (42% → 33% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.45m NOK to 12.97m NOK (-10.2% YoY). Calculated
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↓
Equity eroded
Book equity 6.39m NOK → 511.3k NOK (equity ratio 138.3% → 10.6%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.45m NOK → 2.94m NOK (-14.6% YoY). Calculated