AIRCOIL AS: årsregnskap 2012 vs 2011
Shrank 17% on revenue
approved 2013-05-07; registry 2013-05-30; journal 2013 418827
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AIRCOIL AS. Revenue 25.72m NOK → 21.31m NOK (-17.1%). Equity 728.4k NOK → 272.8k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIRCOIL AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +1.83m NOK → +2.09m NOK (op. margin 7.1% → 9.8%). Calculated
-
↑
Payroll decreased
Salary cost 3.06m NOK → 2.91m NOK (12% → 14% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 25.72m NOK to 21.31m NOK (-17.1% YoY). Calculated
-
↓
Equity eroded
Book equity 728.4k NOK → 272.8k NOK (equity ratio 10.5% → 5.0%). Calculated
-
↓
Cash fell
Bank deposits 1.64m NOK → 1.01m NOK (-38.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 5.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 20.06m NOK → 15.61m NOK (-22.2% YoY). Calculated