AB BYGGMONTERING AS: årsregnskap 2012 vs 2011
Grew 24% on revenue, slipped into loss, cash halved-plus
approved 2013-06-27; registry 2013-07-08; journal 2013 538886
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AB BYGGMONTERING AS. Revenue 6.17m NOK → 7.63m NOK (+23.6%). Net result +103.2k NOK → -167.4k NOK. Equity 170.9k NOK → 3 493 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AB BYGGMONTERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.17m NOK to 7.63m NOK (+23.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +103.2k NOK → -211.0k NOK (op. margin 1.7% → -2.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 103.2k NOK profit to a loss of 167.4k NOK. Calculated
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↓
Equity eroded
Book equity 170.9k NOK → 3 493 NOK (equity ratio 9.9% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 439.0k NOK → 9 278 NOK (-97.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.61× — 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 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 495 NOK → 3.59m NOK (0% → 47% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2 700 NOK → 3.42m NOK (+126581.9% YoY). Calculated