AKERSGATA 18 AS: årsregnskap 2012 vs 2011
Weaker earnings
approved 2013-05-06; registry 2013-07-08; journal 2013 535874
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AKERSGATA 18 AS. Revenue 17.72m NOK → 18.10m NOK (+2.2%). Net result +687.1k NOK → +418.7k NOK. Equity -48.85m NOK → -48.43m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for AKERSGATA 18 AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.72m NOK to 18.10m NOK (+2.2% YoY). Calculated
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↑
Equity strengthened
Book equity -48.85m NOK → -48.43m NOK (equity ratio -27.8% → -28.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +14.73m NOK → +13.57m NOK (op. margin 83.1% → 75.0%). Calculated
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↓
Net result weakened
Net result +687.1k NOK → +418.7k NOK (net margin 3.9% → 2.3%). Calculated
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↓
Cash fell
Bank deposits 12.46m NOK → 10.17m NOK (-18.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -28.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 7 NOK → 7.21m NOK (0% → 40% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 1.22m NOK → 631.9k NOK. Reported fact