AIRCRAFT ENGINEERING AS: årsregnskap 2012 vs 2011
Returned to profit
approved 2013-06-28; registry 2013-08-08; journal 2013 617318
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AIRCRAFT ENGINEERING AS. Revenue 2.78m NOK → 2.81m NOK (+1.1%). Net result -9 261 NOK → +167.5k NOK. Equity 588.7k NOK → 756.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRCRAFT ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.78m NOK to 2.81m NOK (+1.1% YoY). Calculated
-
↑
Operating result improved
Operating result +4 607 NOK → +241.6k NOK (op. margin 0.2% → 8.6%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 9 261 NOK to a profit of 167.5k NOK. Calculated
-
↑
Equity strengthened
Book equity 588.7k NOK → 756.3k NOK (equity ratio 488.7% → 565.8%). Calculated
-
↑
Cash rose
Bank deposits 32.8k NOK → 208.8k NOK (+537.0% YoY). Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 1.88× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 13.28m NOK → 12.27m NOK (-7.6% YoY). Calculated