Akershus Traktor A/S: årsregnskap 2012 vs 2011
Stronger earnings
approved 2013-04-24; registry 2013-05-30; journal 2013 419567
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for Akershus Traktor A/S. Revenue 327.24m NOK → 336.49m NOK (+2.8%). Net result -3.31m NOK → -1.50m NOK. Equity 16.06m NOK → 16.72m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for Akershus Traktor A/S.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 327.24m NOK to 336.49m NOK (+2.8% YoY). Calculated
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↑
Operating result improved
Operating result +86 NOK → +27.1k NOK (op. margin 0.0% → 0.0%). Calculated
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↑
Net result improved
Net result -3.31m NOK → -1.50m NOK (net margin -1.0% → -0.4%). Calculated
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↑
Equity strengthened
Book equity 16.06m NOK → 16.72m NOK (equity ratio 9.3% → 8.5%). Calculated
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↑
Cash rose
Bank deposits 1.76m NOK → 1.82m NOK (+3.6% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.23× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 31.65m NOK → 33.39m NOK (10% → 10% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 12.28bn NOK → 12.29bn NOK (+0.0% YoY). Calculated