A T MASKIN AS: årsregnskap 2012 vs 2011
Shrank 25% on revenue, slipped into loss, cash halved-plus
approved 2013-06-14; registry 2013-08-08; journal 2013 613724
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A T MASKIN AS. Revenue 20.0k NOK → 15.0k NOK (-25.0%). Net result +13.3k NOK → -12.7k NOK. Equity -225.2k NOK → -237.9k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A T MASKIN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -14.8k NOK → -14.1k NOK (op. margin -74.2% → -94.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 20.0k NOK to 15.0k NOK (-25.0% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 13.3k NOK profit to a loss of 12.7k NOK. Calculated
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↓
Equity eroded
Book equity -225.2k NOK → -237.9k NOK (equity ratio -226.3% → -266.1%). Calculated
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↓
Cash fell
Bank deposits 25.5k NOK → 5 393 NOK (-78.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -266.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation