ACCOUNTRA SOFTWARE AS: årsregnskap 2012 vs 2011
Shrank 84% on revenue, weaker earnings, cash halved-plus
approved 2013-06-30; registry 2013-08-01; journal 2013 601710
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ACCOUNTRA SOFTWARE AS. Revenue 1.92m NOK → 308.4k NOK (-83.9%). Net result +68.4k NOK → 0 NOK. Equity 174 NOK → -30.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCOUNTRA SOFTWARE AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.92m NOK to 308.4k NOK (-83.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +92.2k NOK → -205.4k NOK (op. margin 4.8% → -66.6%). Calculated
-
↓
Net result weakened
Net result +68.4k NOK → 0 NOK (net margin 3.6% → 0.0%). Calculated
-
↓
Equity eroded
Book equity 174 NOK → -30.3k NOK (equity ratio 0.0% → -36.6%). Calculated
-
↓
Cash fell
Bank deposits 77.9k NOK → 15.3k NOK (-80.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -36.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation