AGLEN SETTEFISK AS: årsregnskap 2012 vs 2011
Grew 6% on revenue, weaker earnings
approved 2013-06-28; registry 2013-09-10; journal 2013 784458
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AGLEN SETTEFISK AS. Revenue 4.80m NOK → 5.10m NOK (+6.2%). Net result +366.2k NOK → +113.2k NOK. Equity 938.1k NOK → 51.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AGLEN SETTEFISK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.80m NOK to 5.10m NOK (+6.2% YoY). Calculated
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↑
Cash rose
Bank deposits 124.3k NOK → 318.0k NOK (+155.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +500.7k NOK → +151.4k NOK (op. margin 10.4% → 3.0%). Calculated
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↓
Net result weakened
Net result +366.2k NOK → +113.2k NOK (net margin 7.6% → 2.2%). Calculated
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↓
Equity eroded
Book equity 938.1k NOK → 51.3k NOK (equity ratio 38.0% → 2.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 1.48m NOK → 1.05m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 2.99m NOK → 2.31m NOK (-22.9% YoY). Calculated