2MINITZ AS: årsregnskap 2013 vs 2012
Shrank 13% on revenue, slipped into loss, cash halved-plus
approved 2014-04-29; registry 2014-06-19; journal 2014 470298
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 2MINITZ AS. Revenue 447.2k NOK → 388.8k NOK (-13.1%). Net result +67.4k NOK → -120.7k NOK. Equity 85.8k NOK → -34.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2MINITZ AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 44.2k NOK → 1 688 NOK (10% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 447.2k NOK to 388.8k NOK (-13.1% YoY). Calculated
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↓
Operating result weakened
Operating result +89.0k NOK → -121.1k NOK (op. margin 19.9% → -31.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 67.4k NOK profit to a loss of 120.7k NOK. Calculated
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↓
Equity eroded
Book equity 85.8k NOK → -34.9k NOK (equity ratio 21.4% → -34.3%). Calculated
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↓
Cash fell
Bank deposits 400.7k NOK → 101.7k NOK (-74.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation