15 MEANINGS AS: årsregnskap 2012 vs 2011
Shrank 31% on revenue, cash halved-plus
approved 2013-07-11; registry 2013-09-19; journal 2013 822423
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for 15 MEANINGS AS. Revenue 9.38m NOK → 6.49m NOK (-30.9%). Equity 814.5k NOK → -333.0k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 15 MEANINGS AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 9.38m NOK to 6.49m NOK (-30.9% YoY). Calculated
-
↓
Equity eroded
Book equity 814.5k NOK → -333.0k NOK (equity ratio 14.6% → -13.9%). Calculated
-
↓
Cash fell
Bank deposits 898.0k NOK → 24.6k NOK (-97.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.49× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 2 NOK → 5.90m NOK (0% → 91% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -13.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation