Org.nr 879 438 462 2011 → 2012 Year-over-year analysis

ACTIC NORGE AS: årsregnskap 2012 vs 2011

Cash halved-plus

approved 2013-04-22; registry 2013-05-22; journal 2013 401139

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ACTIC NORGE AS. Revenue 128.69m NOK → 129.50m NOK (+0.6%). Equity 52.70m NOK → 30.59m NOK.

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

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ACTIC NORGE AS.

At a glance

Revenue

128.69m NOK 129.50m NOK

+0.6%

Operating result

+20.15m NOK +15.85m NOK

-21.3%

Net result

n/m +11.09m NOK

—

Equity

52.70m NOK 30.59m NOK

-41.9%

Cash

30.26m NOK 12.59m NOK

-58.4%

Total assets

86.83m NOK 62.13m NOK

-28.4%

↑
Revenue rose

Operating income / revenue moved from 128.69m NOK to 129.50m NOK (+0.6% YoY). Calculated

↓
Operating result weakened

Operating result +20.15m NOK → +15.85m NOK (op. margin 15.7% → 12.2%). Calculated
↓
Equity eroded

Book equity 52.70m NOK → 30.59m NOK (equity ratio 60.7% → 49.2%). Calculated
↓
Cash fell

Bank deposits 30.26m NOK → 12.59m NOK (-58.4% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.54× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Payroll increased

Salary cost 34.89m NOK → 37.47m NOK (27% → 29% of revenue). Calculated
·
COGS fell

COGS / varekostnad 127.1k NOK → 49.7k NOK (-60.9% YoY). Calculated