A24A GROUP AS: årsregnskap 2012 vs 2011
Shrank 5% on revenue, stronger earnings
approved 2013-04-30; registry 2013-08-24; journal 2013 676924
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for A24A GROUP AS. Revenue 57.0k NOK → 54.0k NOK (-5.3%). Net result -704.3k NOK → -25.2k NOK. Equity -8 309 NOK → -33.5k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A24A GROUP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -704.3k NOK → -25.2k NOK (op. margin -1235.6% → -46.6%). Calculated
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↑
Net result improved
Net result -704.3k NOK → -25.2k NOK (net margin -1235.6% → -46.6%). Calculated
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↑
Cash rose
Bank deposits 362 NOK → 849.4k NOK (+234530.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.04× → 24.75×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 57.0k NOK to 54.0k NOK (-5.3% YoY). Calculated
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↓
Equity eroded
Book equity -8 309 NOK → -33.5k NOK (equity ratio -2.3% → -3.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation