AGNES UTVIKLING AS: årsregnskap 2012 vs 2011
Shrank 21% on revenue, returned to profit
approved 2013-05-07; registry 2013-08-12; journal 2013 624876
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AGNES UTVIKLING AS. Revenue 4.10m NOK → 3.24m NOK (-21.0%). Net result -6.43m NOK → +7 NOK. Equity 8.50m NOK → 333.8k NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGNES UTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 6.43m NOK to a profit of 7 NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.10m NOK to 3.24m NOK (-21.0% YoY). Calculated
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↓
Equity eroded
Book equity 8.50m NOK → 333.8k NOK (equity ratio 8.6% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 1.61m NOK → 1.26m NOK (-21.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.53× — 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 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 14.05m NOK → 17.88m NOK. Reported fact