A STAKE AS: årsregnskap 2012 vs 2011
Shrank 26% on revenue, cash halved-plus
approved 2013-08-29; registry 2013-09-07; journal 2013 761407
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A STAKE AS. Revenue 4.78m NOK → 3.52m NOK (-26.4%). Equity -1.86m NOK → -2.92m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A STAKE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.78m NOK to 3.52m NOK (-26.4% YoY). Calculated
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Equity eroded
Book equity -1.86m NOK → -2.92m NOK (equity ratio -236.2% → -1428.8%). Calculated
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Cash fell
Bank deposits 23.8k NOK → 1 037 NOK (-95.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.79× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1428.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation