Org.nr 922 493 626 2011 → 2012 Year-over-year analysis

REACH SUBSEA ASA: årsregnskap 2012 vs 2011

Shrank 87% on revenue

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for REACH SUBSEA ASA. Revenue 27.47m NOK → 3.56m NOK (-87.0%). Equity 273.73m NOK → 14 NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for REACH SUBSEA ASA.

At a glance

Revenue

27.47m NOK 3.56m NOK

-87.0%

Net result

-28.29m NOK n/m

—

Equity

273.73m NOK 14 NOK

-100.0%

Cash

40.27m NOK 45.58m NOK

+13.2%

Total assets

283.84m NOK 63.97m NOK

-77.5%

↑
Cash rose

Bank deposits 40.27m NOK → 45.58m NOK (+13.2% YoY). Calculated
↑
Payroll decreased

Salary cost 18.17m NOK → 5.08m NOK (66% → 143% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 27.47m NOK to 3.56m NOK (-87.0% YoY). Calculated
↓
Equity eroded

Book equity 273.73m NOK → 14 NOK (equity ratio 96.4% → 0.0%). Calculated

·
Thin equity buffer

Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Paid-in equity reduced

Paid-in equity fell 273.73m NOK → 58.68m NOK — check capital reduction, conversion, or reclassification. Interpretation