ELOPAK ASA: årsregnskap 2012 vs 2011
Grew 176728% on revenue, stronger earnings
approved 2013-03-07; registry 2013-06-29; journal 2013 504045
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ELOPAK ASA. Revenue 354.6k NOK → 626.94m NOK (+176728.1%). Net result +88.27m NOK → +140.96m NOK. Equity 636.62m NOK → 728.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ELOPAK ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 354.6k NOK to 626.94m NOK (+176728.1% YoY). Calculated
-
↑
Operating result improved
Operating result -64.78m NOK → +2 012 NOK (op. margin -18270.2% → 0.0%). Calculated
-
↑
Net result improved
Net result +88.27m NOK → +140.96m NOK (net margin 24894.9% → 22.5%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.67× → 440.38×. Calculated
-
↑
Owners injected capital
Paid-in equity rose 636.6k NOK → 643.0k NOK (+6 395 NOK). Reported fact
What deteriorated
-
↓
Equity eroded
Book equity 636.62m NOK → 728.0k NOK (equity ratio 35.1% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 3.67m NOK → 3.14m NOK (-14.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 4.10m NOK → 4.21m NOK (1158% → 1% of revenue). Calculated