ADMIRAL OFFSHORE AS: årsregnskap 2012 vs 2011
Grew 4605% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADMIRAL OFFSHORE AS. Revenue 6 946 NOK → 326.8k NOK (+4604.9%). Net result -313.1k NOK → +743.0k NOK. Equity -334.3k NOK → 408.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIRAL OFFSHORE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6 946 NOK to 326.8k NOK (+4604.9% YoY). Calculated
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Operating result improved
Operating result -42.2k NOK → +277.3k NOK (op. margin -607.5% → 84.8%). Calculated
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Turned profitable
Net result flipped from a loss of 313.1k NOK to a profit of 743.0k NOK. Calculated
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Equity strengthened
Book equity -334.3k NOK → 408.7k NOK (equity ratio -59.4% → 711.5%). Calculated
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Current ratio back above 1×
Current ratio 0.59× → 3.13×. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 37.3k NOK → 26.2k NOK. Reported fact