3H EIENDOM AS: årsregnskap 2013 vs 2012
Grew 19% on revenue
approved 2014-06-16; registry 2014-06-21; journal 2014 489131
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 3H EIENDOM AS. Revenue 744.1k NOK → 883.8k NOK (+18.8%). Equity -406.9k NOK → -609.6k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3H EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 744.1k NOK to 883.8k NOK (+18.8% YoY). Calculated
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↑
Cash rose
Bank deposits 71.2k NOK → 240.9k NOK (+238.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 10.3k NOK → 10 NOK (1% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -406.9k NOK → -609.6k NOK (equity ratio -7.0% → -11.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation