AK SKOG AS: årsregnskap 2012 vs 2011
Shrank 73% on revenue
approved 2013-02-25; registry 2013-03-14; journal 2013 317394
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AK SKOG AS. Revenue 1.86m NOK → 505.4k NOK (-72.8%). Equity 78.1k NOK → 51.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AK SKOG AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 5.21m NOK → 171.1k NOK (280% → 34% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.86m NOK to 505.4k NOK (-72.8% YoY). Calculated
-
↓
Operating result weakened
Operating result -11.1k NOK → -464.2k NOK (op. margin -0.6% → -91.8%). Calculated
-
↓
Equity eroded
Book equity 78.1k NOK → 51.5k NOK (equity ratio 6.8% → 26.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.28× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 550 NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 45.7k NOK → 48.2k NOK. Reported fact