1550 TAURO AS: årsregnskap 2013 vs 2012
Grew 9% on revenue, slipped into loss, cash halved-plus
approved 2014-05-15; registry 2014-09-11; journal 2014 823248
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 1550 TAURO AS. Revenue 242.4k NOK → 264.9k NOK (+9.3%). Net result +218.9k NOK → -462.0k NOK. Equity -617.9k NOK → -1.08m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1550 TAURO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 242.4k NOK to 264.9k NOK (+9.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +131.6k NOK → 0 NOK (op. margin 54.3% → 0.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 218.9k NOK profit to a loss of 462.0k NOK. Calculated
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↓
Equity eroded
Book equity -617.9k NOK → -1.08m NOK (equity ratio -11.5% → -19.8%). Calculated
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↓
Cash fell
Bank deposits 107.5k NOK → 41.5k NOK (-61.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -19.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation