ACCESS! AS: årsregnskap 2012 vs 2011
Cash halved-plus
approved 2013-06-21; registry 2013-06-29; journal 2013 502419
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ACCESS! AS. Revenue 2.77m NOK → 2.80m NOK (+1.1%). Equity 5.59m NOK → 4.68m NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCESS! AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.77m NOK to 2.80m NOK (+1.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.40× → 12.96×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +564.3k NOK → +517.0k NOK (op. margin 20.4% → 18.5%). Calculated
-
↓
Equity eroded
Book equity 5.59m NOK → 4.68m NOK (equity ratio 81.4% → 79.2%). Calculated
-
↓
Cash fell
Bank deposits 718.2k NOK → 85.1k NOK (-88.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 011 NOK → 1.52m NOK (0% → 54% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 30.7k NOK → 15.5k NOK (-49.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5.49m NOK → 4.99m NOK. Reported fact