A/S SørMek: årsregnskap 2012 vs 2011
Mixed movements in the accounts
approved 2013-05-24; registry 2013-08-24; journal 2013 669115
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A/S SørMek. Revenue 12.74m NOK → 12.40m NOK (-2.6%). Equity 1.64m NOK → 1.97m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S SørMek.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +631.0k NOK → +1.89m NOK (op. margin 5.0% → 15.2%). Calculated
-
↑
Equity strengthened
Book equity 1.64m NOK → 1.97m NOK (equity ratio 14.0% → 21.6%). Calculated
-
↑
Cash rose
Bank deposits 1.64m NOK → 1.90m NOK (+16.0% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 12.74m NOK to 12.40m NOK (-2.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.17× → 0.55× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1 NOK → 10.0k NOK. Reported fact