2BIER AS: årsregnskap 2013 vs 2012
Shrank 94% on revenue, cash halved-plus
approved 2014-05-28; registry 2014-06-18; journal 2014 466226
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 2BIER AS. Revenue 190.4k NOK → 12.0k NOK (-93.7%). Equity 11.0k NOK → -167.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2BIER AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 6 145 NOK → 6 NOK (3% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 190.4k NOK to 12.0k NOK (-93.7% YoY). Calculated
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↓
Equity eroded
Book equity 11.0k NOK → -167.8k NOK (equity ratio 12.7% → -521.9%). Calculated
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↓
Cash fell
Bank deposits 59.9k NOK → 4 985 NOK (-91.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.14× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -521.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation