ARRIBATEC GROUP ASA: årsregnskap 2012 vs 2011
Grew 17% on revenue, cash halved-plus
approved 2013-06-26; registry 2013-07-06; journal 2013 532836
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ARRIBATEC GROUP ASA. Revenue 11.34m NOK → 13.26m NOK (+16.9%). Equity 194.49m NOK → 163.07m NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for ARRIBATEC GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.34m NOK to 13.26m NOK (+16.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 86.38m NOK → 89.09m NOK (+2.72m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +770.68m NOK → -7.59m NOK (op. margin 6793.7% → -57.2%). Calculated
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↓
Equity eroded
Book equity 194.49m NOK → 163.07m NOK (equity ratio 74.0% → 75.5%). Calculated
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↓
Cash fell
Bank deposits 28.87m NOK → 5.55m NOK (-80.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (28.87m NOK → 5.55m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 9.66m NOK → 10.23m NOK (85% → 77% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 191.72m NOK → 160.6k NOK. Reported fact