ADJUNKT ARENTZGATE VEST 3A AS: årsregnskap 2012 vs 2011
Cash halved-plus
approved 2013-11-15; registry 2013-11-25; journal 2013 851330
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADJUNKT ARENTZGATE VEST 3A AS. Revenue 312.0k NOK → 304.0k NOK (-2.6%). Equity 346.5k NOK → 244.3k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADJUNKT ARENTZGATE VEST 3A AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.10× → 1.27×. Calculated
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↑
Payroll decreased
Salary cost 315.3k NOK → 269.6k NOK (101% → 89% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 312.0k NOK to 304.0k NOK (-2.6% YoY). Calculated
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↓
Equity eroded
Book equity 346.5k NOK → 244.3k NOK (equity ratio 11.2% → 8.0%). Calculated
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↓
Cash fell
Bank deposits 24.9k NOK → 10.9k NOK (-56.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 82.5k NOK → 2.91m NOK. Reported fact