AC-SANDE EIENDOM AS: årsregnskap 2012 vs 2011
Stronger earnings, fresh owner capital
approved 2013-05-16; registry 2013-06-05; journal 2013 435193
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AC-SANDE EIENDOM AS. Revenue 424.8k NOK → 436.8k NOK (+2.8%). Net result -218.9k NOK → -143.2k NOK. Equity 184.3k NOK → 41.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AC-SANDE EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 424.8k NOK to 436.8k NOK (+2.8% YoY). Calculated
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↑
Operating result improved
Operating result +101.9k NOK → +109.8k NOK (op. margin 24.0% → 25.1%). Calculated
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↑
Net result improved
Net result -218.9k NOK → -143.2k NOK (net margin -51.5% → -32.8%). Calculated
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↑
Cash rose
Bank deposits 711.9k NOK → 801.6k NOK (+12.6% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 600 NOK → 600.0k NOK (+599.4k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 184.3k NOK → 41.1k NOK (equity ratio 3.5% → 0.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation