GYLDENDAL ASA: årsregnskap 2012 vs 2011
Cash halved-plus
approved 2013-03-18; registry 2013-06-26; journal 2013 489065
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for GYLDENDAL ASA. Revenue 20.51m NOK → 20.92m NOK (+2.0%). Equity 335.15m NOK → 332.23m NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for GYLDENDAL ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.51m NOK to 20.92m NOK (+2.0% YoY). Calculated
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↑
Operating result improved
Operating result -17.89m NOK → -16.94m NOK (op. margin -87.2% → -81.0%). Calculated
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↑
Payroll decreased
Salary cost 20476475000.43bn NOK → 22 NOK (99836543151802% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 335.15m NOK → 332.23m NOK (equity ratio 40649.1% → 41.0%). Calculated
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↓
Cash fell
Bank deposits 105.85m NOK → 108.6k NOK (-99.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (105.85m NOK → 108.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 16.83m NOK → 16.91m NOK (+0.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 14.1k NOK → 69.61m NOK. Reported fact