ACTION TRANSPORT AS: årsregnskap 2012 vs 2011
Grew 9% on revenue, weaker earnings, cash halved-plus
approved 2013-11-15; registry 2013-11-19; journal 2013 850561
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ACTION TRANSPORT AS. Revenue 27.98m NOK → 30.58m NOK (+9.3%). Net result +580.2k NOK → +267.7k NOK. Equity 1.61m NOK → 1.03m NOK.
On the constructive side: revenue rose. Pressures included: net 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 ACTION TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 27.98m NOK to 30.58m NOK (+9.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +580.2k NOK → +267.7k NOK (net margin 2.1% → 0.9%). Calculated
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↓
Equity eroded
Book equity 1.61m NOK → 1.03m NOK (equity ratio 21.9% → 13.2%). Calculated
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↓
Cash fell
Bank deposits 681.3k NOK → 172.3k NOK (-74.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.52× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 5 NOK → 18.07m NOK (0% → 59% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 5.54m NOK → 3.82m NOK (-30.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 342.5k NOK → 3.49m NOK. Reported fact