GOODTECH ASA: årsregnskap 2012 vs 2011
Grew 48% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for GOODTECH ASA. Revenue 11.7k NOK → 17.3k NOK (+47.8%). Net result +14.7k NOK → +28.9k NOK. Equity 623.5k NOK → 603.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for GOODTECH ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.7k NOK to 17.3k NOK (+47.8% YoY). Calculated
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↑
Operating result improved
Operating result +16.7k NOK → +42.3k NOK (op. margin 142.2% → 244.1%). Calculated
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↑
Net result improved
Net result +14.7k NOK → +28.9k NOK (net margin 125.1% → 166.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 623.5k NOK → 603.7k NOK (equity ratio 93.8% → 84.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.98× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 550.0k NOK → 569.9k NOK. Reported fact