AIRFLOW FILTER AS: årsregnskap 2012 vs 2011
Grew 22% on revenue, returned to profit
approved 2013-09-10; registry 2013-09-17; journal 2013 819466
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AIRFLOW FILTER AS. Revenue 4.24m NOK → 5.17m NOK (+22.1%). Net result -67.4k NOK → +210.0k NOK. Equity -162.8k NOK → 47.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AIRFLOW FILTER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.24m NOK to 5.17m NOK (+22.1% YoY). Calculated
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Operating result improved
Operating result -10.0k NOK → +286.6k NOK (op. margin -0.2% → 5.5%). Calculated
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Turned profitable
Net result flipped from a loss of 67.4k NOK to a profit of 210.0k NOK. Calculated
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Equity strengthened
Book equity -162.8k NOK → 47.3k NOK (equity ratio -16.7% → 19.4%). Calculated
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Cash rose
Bank deposits 47.3k NOK → 114.5k NOK (+142.1% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 7.58× → 0.20× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 3.04m NOK → 3.59m NOK (+18.1% YoY). Calculated