1000 MILE NORGE AS: årsregnskap 2013 vs 2012
Shrank 38% on revenue, weaker earnings, cash halved-plus
approved 2014-06-30; registry 2014-08-02; journal 2014 622185
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 1000 MILE NORGE AS. Revenue 453.4k NOK → 280.2k NOK (-38.2%). Net result +49.9k NOK → +10.6k NOK. Equity -142.6k NOK → -132.0k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 1000 MILE NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -142.6k NOK → -132.0k NOK (equity ratio -70.8% → -79.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 453.4k NOK to 280.2k NOK (-38.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +80.5k NOK → +1 210 NOK (op. margin 17.7% → 0.4%). Calculated
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↓
Net result weakened
Net result +49.9k NOK → +10.6k NOK (net margin 11.0% → 3.8%). Calculated
-
↓
Cash fell
Bank deposits 27.4k NOK → 8 711 NOK (-68.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -79.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 266.7k NOK → 179.5k NOK (-32.7% YoY). Calculated