FirmaIQ
Org.nr 911 382 008 2011 → 2012 Year-over-year analysis

ELKEM ASA: årsregnskap 2012 vs 2011

Shrank 19% on revenue, weaker earnings

approved 2013-06-20; registry 2013-09-17; journal 2013 819146

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ELKEM ASA. Revenue 6.91bn NOK → 5.60bn NOK (-19.0%). Net result -92.52m NOK → -454.99m NOK. Equity 2.57bn NOK → 2.43bn NOK.

On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ELKEM ASA.

At a glance

Scorecard

Revenue
6.91bn NOK 5.60bn NOK
-19.0%
Net result
-92.52m NOK -454.99m NOK
-391.8%
Equity
2.57bn NOK 2.43bn NOK
-5.4%
Cash
27.64m NOK 37.63m NOK
+36.1%
Total assets
10.02bn NOK 9.86bn NOK
-1.6%

What improved

  • ↑

    Cash rose

    Bank deposits 27.64m NOK → 37.63m NOK (+36.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.91bn NOK to 5.60bn NOK (-19.0% YoY). Calculated

  • ↓

    Net result weakened

    Net result -92.52m NOK → -454.99m NOK (net margin -1.3% → -8.1%). Calculated

  • ↓

    Equity eroded

    Book equity 2.57bn NOK → 2.43bn NOK (equity ratio 25.7% → 24.7%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.35× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 7.21bn NOK → 7.29bn NOK. Reported fact