FirmaIQ
Org.nr 983 361 161 2011 → 2012 Year-over-year analysis

ADVANCED MACHINE COMPANY AS: årsregnskap 2012 vs 2011

Shrank 33% on revenue, weaker earnings

approved 2013-03-19; registry 2013-08-24; journal 2013 677404

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADVANCED MACHINE COMPANY AS. Revenue 42.78m NOK → 28.78m NOK (-32.7%). Net result +10.75m NOK → +6.43m NOK. Equity 6.00m NOK → 2.37m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.

At a glance

Scorecard

Revenue
42.78m NOK 28.78m NOK
-32.7%
Operating result
+14.43m NOK +8.45m NOK
-41.5%
Net result
+10.75m NOK +6.43m NOK
-40.2%
Equity
6.00m NOK 2.37m NOK
-60.4%
Cash
9.44m NOK 18.13m NOK
+91.9%
Total assets
33.45m NOK 23.74m NOK
-29.0%

What improved

  • ↑

    Cash rose

    Bank deposits 9.44m NOK → 18.13m NOK (+91.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 8.56m NOK → 7.39m NOK (20% → 26% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 42.78m NOK to 28.78m NOK (-32.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +14.43m NOK → +8.45m NOK (op. margin 33.7% → 29.4%). Calculated

  • ↓

    Net result weakened

    Net result +10.75m NOK → +6.43m NOK (net margin 25.1% → 22.3%). Calculated

  • ↓

    Equity eroded

    Book equity 6.00m NOK → 2.37m NOK (equity ratio 17.9% → 10.0%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 18.51m NOK → 10.40m NOK (-43.8% YoY). Calculated