A1 SECURITY AS: årsregnskap 2012 vs 2011
Weaker earnings
approved 2013-06-04; registry 2013-06-18; journal 2013 460009
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A1 SECURITY AS. Revenue 5.40m NOK → 5.50m NOK (+1.9%). Net result +252.9k NOK → +37.9k NOK. Equity -356.4k NOK → -394.4k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A1 SECURITY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.40m NOK to 5.50m NOK (+1.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.00m NOK → 2.54m NOK (56% → 46% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +303.3k NOK → +10.2k NOK (op. margin 5.6% → 0.2%). Calculated
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↓
Net result weakened
Net result +252.9k NOK → +37.9k NOK (net margin 4.7% → 0.7%). Calculated
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↓
Equity eroded
Book equity -356.4k NOK → -394.4k NOK (equity ratio -28.7% → -32.8%). Calculated
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↓
Cash fell
Bank deposits 250.7k NOK → 136.8k NOK (-45.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -32.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 589.7k NOK → 370.4k NOK (-37.2% YoY). Calculated