Org.nr 995 697 076 2012 → 2013 Year-over-year analysis

3-1 OFFSHORE AS: årsregnskap 2013 vs 2012

Mixed movements in the accounts

approved 2014-05-20; registry 2014-06-10; journal 2014 445206

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for 3-1 OFFSHORE AS. Revenue 2.80m NOK → 2.82m NOK (+0.8%). Equity 1.53m NOK → 1.15m NOK.

On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for 3-1 OFFSHORE AS.

At a glance

Revenue

2.80m NOK 2.82m NOK

+0.8%

Operating result

n/m +1.57m NOK

—

Net result

+467.3k NOK n/m

—

Equity

1.53m NOK 1.15m NOK

-24.5%

Cash

500.0k NOK 793.7k NOK

+58.7%

Total assets

2.14m NOK 2.35m NOK

+10.1%

↑
Revenue rose

Operating income / revenue moved from 2.80m NOK to 2.82m NOK (+0.8% YoY). Calculated
↑
Cash rose

Bank deposits 500.0k NOK → 793.7k NOK (+58.7% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.14× → 6.64×. Calculated

↓
Equity eroded

Book equity 1.53m NOK → 1.15m NOK (equity ratio 71.5% → 49.0%). Calculated

·
Payroll increased

Salary cost 1.93m NOK → 3.94m NOK (69% → 140% of revenue). Calculated