AKER P-DRIFT AS: årsregnskap 2012 vs 2011
Shrank 8% on revenue, stronger earnings
approved 2013-07-23; registry 2013-08-26; journal 2013 683106
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AKER P-DRIFT AS. Revenue 27.31m NOK → 25.16m NOK (-7.9%). Net result +296.3k NOK → +1.74bn NOK. Equity 79.7k NOK → -663.8k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKER P-DRIFT AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +296.3k NOK → +1.74bn NOK (net margin 1.1% → 6930.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 27.31m NOK to 25.16m NOK (-7.9% YoY). Calculated
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↓
Operating result weakened
Operating result +623.29m NOK → -732.55m NOK (op. margin 2282.1% → -2912.1%). Calculated
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↓
Equity eroded
Book equity 79.7k NOK → -663.8k NOK (equity ratio 1.2% → -11.7%). Calculated
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↓
Cash fell
Bank deposits 3.51m NOK → 3.50m NOK (-0.3% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 11.79m NOK → 12.18m NOK (+3.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2 000 NOK → 7 000 NOK. Reported fact