SOLVANG ASA: årsregnskap 2012 vs 2011
Grew 93% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for SOLVANG ASA. Revenue 24.92bn NOK → 48.05bn NOK (+92.8%). Net result -22.09bn NOK → +55.47m NOK. Equity 579.18bn NOK → 18567.01bn NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 24.92bn NOK to 48.05bn NOK (+92.8% YoY). Calculated
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Operating result improved
Operating result -1.27bn NOK → +1.07bn NOK (op. margin -5.1% → 2.2%). Calculated
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Turned profitable
Net result flipped from a loss of 22.09bn NOK to a profit of 55.47m NOK. Calculated
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Equity strengthened
Book equity 579.18bn NOK → 18567.01bn NOK. Calculated
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Current ratio back above 1×
Current ratio 0.94× → 2.00×. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 429.14bn NOK → 431.68m NOK. Reported fact