AIC HOLDING AS: årsregnskap 2012 vs 2011
Shrank 56% on revenue, stronger earnings, cash halved-plus
approved 2013-06-21; registry 2013-07-09; journal 2013 541762
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AIC HOLDING AS. Revenue 565.2k NOK → 249.7k NOK (-55.8%). Net result +3 818 NOK → +153.7k NOK. Equity -2.50m NOK → -2.65m NOK.
On the constructive side: operating result improved; net result improved. 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 AIC HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -969.4k NOK → -35.1k NOK (op. margin -171.5% → -14.1%). Calculated
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Net result improved
Net result +3 818 NOK → +153.7k NOK (net margin 0.7% → 61.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 565.2k NOK to 249.7k NOK (-55.8% YoY). Calculated
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↓
Equity eroded
Book equity -2.50m NOK → -2.65m NOK (equity ratio -206.2% → -1751.3%). Calculated
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↓
Cash fell
Bank deposits 989.0k NOK → 988 NOK (-99.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1751.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 497.0k NOK → 132.1k NOK (-73.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 6.03m NOK → 1.03m NOK. Reported fact