365 ECONOMY AS: årsregnskap 2013 vs 2012
Grew 17755% on revenue
approved 2014-05-26; registry 2014-07-09; journal 2014 562753
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 365 ECONOMY AS. Revenue 4 371 NOK → 780.5k NOK (+17755.4%). Equity -64.1k NOK → -276.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 365 ECONOMY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 371 NOK to 780.5k NOK (+17755.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +221.9k NOK → -212.0k NOK (op. margin 5077.1% → -27.2%). Calculated
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↓
Equity eroded
Book equity -64.1k NOK → -276.1k NOK (equity ratio -22.0% → -331.1%). Calculated
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↓
Cash fell
Bank deposits 44.4k NOK → 23.7k NOK (-46.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.85× → 0.19× — 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 -331.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 488.0k NOK → 724.2k NOK (11165% → 93% of revenue). Calculated