AKERSHUS ELEKTRO AS: årsregnskap 2012 vs 2011
Shrank 27% on revenue, weaker earnings, cash halved-plus
approved 2013-06-28; registry 2013-09-17; journal 2013 815645
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AKERSHUS ELEKTRO AS. Revenue 24.21m NOK → 17.77m NOK (-26.6%). Net result +3282.39bn NOK → +1.24m NOK. Equity 876.5k NOK → 1 113 NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKERSHUS ELEKTRO AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 24.21m NOK to 17.77m NOK (-26.6% YoY). Calculated
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↓
Net result weakened
Net result +3282.39bn NOK → +1.24m NOK (net margin 13560452.3% → 7.0%). Calculated
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↓
Equity eroded
Book equity 876.5k NOK → 1 113 NOK (equity ratio 10.0% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 4.18m NOK → 1.21m NOK (-71.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.18m NOK → 1.21m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 234.0k NOK → 269.8k NOK. Reported fact