AD PROSJEKT BYGG AS: årsregnskap 2012 vs 2011
Grew 10% on revenue, stronger earnings
approved 2013-06-12; registry 2013-09-03; journal 2013 734945
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AD PROSJEKT BYGG AS. Revenue 14.81m NOK → 16.22m NOK (+9.5%). Net result +1.01m NOK → +2.10m NOK. Equity 708.5k NOK → -1.39m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AD PROSJEKT BYGG AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 14.81m NOK to 16.22m NOK (+9.5% YoY). Calculated
-
↑
Operating result improved
Operating result +1.44m NOK → +2.10m NOK (op. margin 9.7% → 13.0%). Calculated
-
↑
Net result improved
Net result +1.01m NOK → +2.10m NOK (net margin 6.8% → 12.9%). Calculated
-
↑
Cash rose
Bank deposits 1 846 NOK → 438.0k NOK (+23628.9% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 708.5k NOK → -1.39m NOK (equity ratio 10.0% → -58.9%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -58.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1 344 NOK → 2.41m NOK (0% → 15% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 9 852 NOK → 14.43m NOK (+146374.4% YoY). Calculated