HAVILA SHIPPING ASA: årsregnskap 2012 vs 2011
Shrank 100% on revenue, returned to profit
approved 2013-03-20; registry 2013-06-29; journal 2013 496674
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for HAVILA SHIPPING ASA. Revenue 10.46bn NOK → 474.1k NOK (-100.0%). Net result -139.22m NOK → +208.0k NOK. Equity 1.05bn NOK → 1.24bn NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for HAVILA SHIPPING ASA.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 139.22m NOK to a profit of 208.0k NOK. Calculated
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↑
Equity strengthened
Book equity 1.05bn NOK → 1.24bn NOK (equity ratio 37.4% → 34.0%). Calculated
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↑
Cash rose
Bank deposits 63.58m NOK → 134.18m NOK (+111.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 381.77m NOK → 11 NOK (4% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.46bn NOK to 474.1k NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +291.65m NOK → +2.88m NOK (op. margin 2.8% → 607.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.91× → 0.59× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 516.81m NOK → 711.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 360.17m NOK → 19.28m NOK (-94.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 440.9k NOK → 381.0k NOK. Reported fact