Org.nr 992 111 666 2011 → 2012 Year-over-year analysis

ACE CONSULTING AS: årsregnskap 2012 vs 2011

Shrank 86% on revenue, cash halved-plus

approved 2013-06-30; registry 2013-09-04; journal 2013 744958

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ACE CONSULTING AS. Revenue 5.66m NOK → 795.1k NOK (-86.0%). Equity 480.9k NOK → 314.0k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACE CONSULTING AS.

At a glance

Revenue

5.66m NOK 795.1k NOK

-86.0%

Operating result

+454.8k NOK -65.4k NOK

-114.4%

Equity

480.9k NOK 314.0k NOK

-34.7%

Cash

12.1k NOK 540 NOK

-95.5%

Total assets

2.25m NOK 1.32m NOK

-41.3%

↑
Payroll decreased

Salary cost 771.9k NOK → 169.7k NOK (14% → 21% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.66m NOK to 795.1k NOK (-86.0% YoY). Calculated
↓
Operating result weakened

Operating result +454.8k NOK → -65.4k NOK (op. margin 8.0% → -8.2%). Calculated
↓
Equity eroded

Book equity 480.9k NOK → 314.0k NOK (equity ratio 21.4% → 23.8%). Calculated
↓
Cash fell

Bank deposits 12.1k NOK → 540 NOK (-95.5% YoY). Calculated