ACINA AS: årsregnskap 2012 vs 2011
Grew 38% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ACINA AS. Revenue 6.24m NOK → 8.64m NOK (+38.4%). Net result -6.32m NOK → -19.06m NOK. Equity 29.73m NOK → 10.67m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ACINA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.24m NOK to 8.64m NOK (+38.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -4.08m NOK → -20.42m NOK (op. margin -65.4% → -236.3%). Calculated
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↓
Net result weakened
Net result -6.32m NOK → -19.06m NOK (net margin -101.3% → -220.6%). Calculated
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↓
Equity eroded
Book equity 29.73m NOK → 10.67m NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 29.73m NOK → 10.67m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 2.44m NOK → 9 NOK. Reported fact