AIBEL AS: årsregnskap 2012 vs 2011
Grew 30% on revenue, weaker earnings
approved 2013-04-30; registry 2013-05-29; journal 2013 414088
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AIBEL AS. Revenue 7.72bn NOK → 10.06bn NOK (+30.3%). Net result +436.86m NOK → +504.6k NOK. Equity 2.06bn NOK → 2.02bn NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIBEL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.72bn NOK to 10.06bn NOK (+30.3% YoY). Calculated
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↑
Cash rose
Bank deposits 609.2k NOK → 566.02m NOK (+92815.1% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +436.86m NOK → +504.6k NOK (net margin 5.7% → 0.0%). Calculated
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↓
Equity eroded
Book equity 2.06bn NOK → 2.02bn NOK (equity ratio 37.2% → 30.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.23bn NOK → 5.97bn NOK (55% → 59% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.26m NOK → 2.59bn NOK (+114772.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 61.71m NOK → 62.39m NOK. Reported fact