3P DISTRIBUSJON AS: årsregnskap 2013 vs 2012
Grew 193% on revenue, cash halved-plus
approved 2014-05-28; registry 2014-08-30; journal 2014 738476
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 3P DISTRIBUSJON AS. Revenue 32.5k NOK → 95.3k NOK (+193.4%). Net result +28 NOK → +28 NOK. Equity -789.2k NOK → -1.02m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3P DISTRIBUSJON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 32.5k NOK to 95.3k NOK (+193.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 41.7k NOK → 10.2k NOK (128% → 11% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -53.8k NOK → -220.0k NOK (op. margin -165.6% → -230.8%). Calculated
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↓
Equity eroded
Book equity -789.2k NOK → -1.02m NOK (equity ratio -186.0% → -342.8%). Calculated
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↓
Cash fell
Bank deposits 56.5k NOK → 2 095 NOK (-96.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -342.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 750.1k NOK → 115.1k NOK (-84.7% YoY). Calculated