TECHSTEP ASA: årsregnskap 2012 vs 2011
Shrank 23% on revenue, cash halved-plus, fresh owner capital
approved 2013-05-15; registry 2013-09-16; journal 2013 810642
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for TECHSTEP ASA. Revenue 36.96m NOK → 28.38m NOK (-23.2%).
On the constructive side: operating result improved; owners injected capital. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for TECHSTEP ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -34.97m NOK → -34.10m NOK (op. margin -94.6% → -120.2%). Calculated
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↑
Owners injected capital
Paid-in equity rose 7.31m NOK → 26.36m NOK (+19.05m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 36.96m NOK to 28.38m NOK (-23.2% YoY). Calculated
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↓
Cash fell
Bank deposits 29.98m NOK → 14.98m NOK (-50.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.99× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 6.16m NOK → 4.60m NOK (-25.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 50.0k NOK → 35.56m NOK. Reported fact