AGG INVEST AS: årsregnskap 2012 vs 2011
Shrank 34% on revenue
approved 2013-09-25; registry 2013-11-05; journal 2013 847554
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AGG INVEST AS. Revenue 1.23m NOK → 805.2k NOK (-34.3%). Net result -57.0k NOK → -59.2k NOK. Equity 98.7k NOK → 39.5k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGG INVEST AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -56.7k NOK → +139.9k NOK (op. margin -4.6% → 17.4%). Calculated
-
↑
Payroll decreased
Salary cost 398.8k NOK → 161.2k NOK (33% → 20% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.23m NOK to 805.2k NOK (-34.3% YoY). Calculated
-
↓
Equity eroded
Book equity 98.7k NOK → 39.5k NOK (equity ratio 4.7% → 2.3%). Calculated
-
↓
Cash fell
Bank deposits 33.3k NOK → 29.6k NOK (-11.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.66× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 462.3k NOK → 176.8k NOK (-61.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 195.5k NOK → 244.5k NOK. Reported fact