POLIGHT ASA: årsregnskap 2012 vs 2011
Shrank 9% on revenue, cash halved-plus
approved 2013-06-27; registry 2013-07-10; journal 2013 548182
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for POLIGHT ASA. Revenue 14.27m NOK → 13.00m NOK (-8.9%). Equity 84.93m NOK → 62.91m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for POLIGHT ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -27.67m NOK → -20.29m NOK (op. margin -193.9% → -156.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.27m NOK to 13.00m NOK (-8.9% YoY). Calculated
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↓
Equity eroded
Book equity 84.93m NOK → 62.91m NOK (equity ratio 82.0% → 78.5%). Calculated
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↓
Cash fell
Bank deposits 57.95m NOK → 17.44m NOK (-69.9% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 296.0k NOK → 343.6k NOK (+16.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (57.95m NOK → 17.44m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 84.93m NOK → 62.91m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 80.0k NOK. Reported fact