Org.nr 994 297 422 2011 → 2012 Year-over-year analysis

THOR MEDICAL ASA: årsregnskap 2012 vs 2011

Grew 235051% on revenue, cash halved-plus

approved 2013-03-05; registry 2013-05-02; journal 2013 368916

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for THOR MEDICAL ASA. Revenue 63 NOK → 148.1k NOK (+235050.8%). Equity 20.49m NOK → 7.69m NOK.

On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for THOR MEDICAL ASA.

At a glance

Revenue

63 NOK 148.1k NOK

+235050.8%

Operating result

n/m -13.36m NOK

—

Equity

20.49m NOK 7.69m NOK

-62.5%

Cash

17.41m NOK 6.67m NOK

-61.7%

Total assets

21.93m NOK 10.98m NOK

-50.0%

↑
Revenue rose

Operating income / revenue moved from 63 NOK to 148.1k NOK (+235050.8% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 31.20m NOK → 31.34m NOK (+135.0k NOK). Reported fact

↓
Equity eroded

Book equity 20.49m NOK → 7.69m NOK (equity ratio 93.4% → 70.0%). Calculated
↓
Cash fell

Bank deposits 17.41m NOK → 6.67m NOK (-61.7% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (17.41m NOK → 6.67m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Payroll increased

Salary cost 3.18m NOK → 3.92m NOK (5051068% → 2645% of revenue). Calculated