ECOTEQ ENERGY ASA: årsregnskap 2012 vs 2011
Shrank 41% on revenue, stronger earnings, cash halved-plus
approved 2013-06-11; registry 2013-09-16; journal 2013 807416
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ECOTEQ ENERGY ASA. Revenue 10.23m NOK → 6.03m NOK (-41.1%). Net result -103.97m NOK → -81.16m NOK. Equity 185.4k NOK → 86.45m NOK.
On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ECOTEQ ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -103.97m NOK → -81.16m NOK (net margin -1016.0% → -1346.9%). Calculated
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↑
Equity strengthened
Book equity 185.4k NOK → 86.45m NOK (equity ratio 99.3% → 65.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.15× → 2.86×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.23m NOK to 6.03m NOK (-41.1% YoY). Calculated
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↓
Cash fell
Bank deposits 11.47m NOK → 910.6k NOK (-92.1% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 18.12m NOK → 21.28m NOK (+17.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (11.47m NOK → 910.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 256.32m NOK → 86.45m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 301.3k NOK → 181.1k NOK. Reported fact