365 IDEER AS: årsregnskap 2013 vs 2012
Shrank 11% on revenue, cash halved-plus
approved 2014-10-17; registry 2014-10-28; journal 2014 870044
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 365 IDEER AS. Revenue 5.35m NOK → 4.76m NOK (-10.9%). Equity 592.3k NOK → 419.2k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 365 IDEER AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.39× → 1.83×. Calculated
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↑
Payroll decreased
Salary cost 673.4k NOK → 305.3k NOK (13% → 6% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.35m NOK to 4.76m NOK (-10.9% YoY). Calculated
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↓
Equity eroded
Book equity 592.3k NOK → 419.2k NOK (equity ratio 136.1% → 48.8%). Calculated
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↓
Cash fell
Bank deposits 973.6k NOK → 255.1k NOK (-73.8% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 3.75m NOK → 3.79m NOK (+1.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 15.3k NOK → 4 116 NOK. Reported fact