Org.nr 989 502 581 2011 → 2012 Year-over-year analysis

AE RESTAURANTDRIFT AS: årsregnskap 2012 vs 2011

Shrank 24% on revenue

approved 2013-05-03; registry 2013-09-09; journal 2013 776026

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for AE RESTAURANTDRIFT AS. Revenue 29.84m NOK → 22.58m NOK (-24.3%). Equity 924.3k NOK → -169.4k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AE RESTAURANTDRIFT AS.

At a glance

Revenue

29.84m NOK 22.58m NOK

-24.3%

Operating result

n/m -1.45m NOK

—

Equity

924.3k NOK -169.4k NOK

-118.3%

Cash

688.2k NOK 688.2k NOK

0.0%

Total assets

4.05m NOK 4.23m NOK

+4.4%

↑
Payroll decreased

Salary cost 10.86m NOK → 8.52m NOK (36% → 38% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 29.84m NOK to 22.58m NOK (-24.3% YoY). Calculated
↓
Equity eroded

Book equity 924.3k NOK → -169.4k NOK (equity ratio 22.8% → -4.0%). Calculated

·
Thin equity buffer

Equity ratio is -4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 8.07m NOK → 6.35m NOK (-21.2% YoY). Calculated