ADVANTEK ENGINEERING AS: årsregnskap 2012 vs 2011
Grew 102% on revenue, stronger earnings
approved 2013-05-27; registry 2013-08-31; journal 2013 711798
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVANTEK ENGINEERING AS. Revenue 1.10m NOK → 2.22m NOK (+101.7%). Net result +276.94m NOK → +345.58m NOK. Equity 164.5k NOK → 160.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVANTEK ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.10m NOK to 2.22m NOK (+101.7% YoY). Calculated
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↑
Operating result improved
Operating result +385.0k NOK → +481.4k NOK (op. margin 35.0% → 21.7%). Calculated
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Net result improved
Net result +276.94m NOK → +345.58m NOK (net margin 25178.7% → 15579.4%). Calculated
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↑
Cash rose
Bank deposits 264.0k NOK → 323.1k NOK (+22.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 164.5k NOK → 160.8k NOK (equity ratio 20.7% → 66.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 735.1k NOK → 1.31m NOK (67% → 59% of revenue). Calculated