1 2 3 LØFT AS: årsregnskap 2013 vs 2012
Shrank 10% on revenue
approved 2014-02-22; registry 2014-06-26; journal 2014 512618
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 1 2 3 LØFT AS. Revenue 2.05m NOK → 1.85m NOK (-10.1%). Equity 194.7k NOK → 47.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1 2 3 LØFT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 188.9k NOK → 330.7k NOK (+75.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.05m NOK to 1.85m NOK (-10.1% YoY). Calculated
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↓
Operating result weakened
Operating result +76.7k NOK → -181.9k NOK (op. margin 3.7% → -9.8%). Calculated
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↓
Equity eroded
Book equity 194.7k NOK → 47.9k NOK (equity ratio 19.7% → 5.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 726.9k NOK → 757.5k NOK (35% → 41% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation