ACUFRIEND AS: årsregnskap 2012 vs 2011
Shrank 94% on revenue, cash halved-plus
approved 2013-04-08; registry 2013-08-27; journal 2013 686181
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ACUFRIEND AS. Revenue 57.8k NOK → 3 427 NOK (-94.1%). Equity -1.38m NOK → -4.25m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACUFRIEND AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 128.4k NOK → 79.3k NOK (222% → 2313% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 57.8k NOK to 3 427 NOK (-94.1% YoY). Calculated
-
↓
Equity eroded
Book equity -1.38m NOK → -4.25m NOK (equity ratio -40.7% → -443.2%). Calculated
-
↓
Cash fell
Bank deposits 25.8k NOK → 6 698 NOK (-74.0% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 16.1k NOK → 38.0k NOK (+135.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -443.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation