Agnar Knutsen & Co AS: årsregnskap 2012 vs 2011
Grew 105% on revenue
approved 2013-04-02; registry 2013-04-06; journal 2013 332969
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for Agnar Knutsen & Co AS. Revenue 250.3k NOK → 513.7k NOK (+105.2%). Equity 7.57m NOK → 895.6k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for Agnar Knutsen & Co AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 250.3k NOK to 513.7k NOK (+105.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 7.57m NOK → 895.6k NOK (equity ratio 278.5% → 8.4%). Calculated
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↓
Cash fell
Bank deposits 1.86m NOK → 1.31m NOK (-29.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 94.01× → 0.61× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation