360 VEST AS: årsregnskap 2013 vs 2012
Grew 10% on revenue, slipped into loss
approved 2014-04-29; registry 2014-05-07; journal 2014 382081
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 360 VEST AS. Revenue 395.0k NOK → 434.7k NOK (+10.0%). Net result +101.6k NOK → -151.6k NOK. Equity 86.4k NOK → -65.2k 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; cogs fell. All figures are taken from the published annual accounts for 360 VEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 395.0k NOK to 434.7k NOK (+10.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +136.9k NOK → -152.1k NOK (op. margin 34.7% → -35.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 101.6k NOK profit to a loss of 151.6k NOK. Calculated
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↓
Equity eroded
Book equity 86.4k NOK → -65.2k NOK (equity ratio 37.3% → -52.4%). Calculated
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↓
Cash fell
Bank deposits 96.2k NOK → 84.7k NOK (-11.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.59× → 0.66× — 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 -52.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 132.9k NOK → 67.7k NOK (-49.1% YoY). Calculated