3PROSJEKT AS: årsregnskap 2013 vs 2012
Shrank 91% on revenue, slipped into loss, cash halved-plus
approved 2014-02-27; registry 2014-04-01; journal 2014 335876
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 3PROSJEKT AS. Revenue 68.7k NOK → 6 006 NOK (-91.3%). Net result +11.8k NOK → -31.9k NOK. Equity 31.8k NOK → -70 NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3PROSJEKT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 68.7k NOK to 6 006 NOK (-91.3% YoY). Calculated
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Operating result weakened
Operating result +12.4k NOK → -31.8k NOK (op. margin 18.1% → -530.3%). Calculated
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Fell into a net loss
Net result flipped from 11.8k NOK profit to a loss of 31.9k NOK. Calculated
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Equity eroded
Book equity 31.8k NOK → -70 NOK (equity ratio 92.4% → -1.2%). Calculated
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Cash fell
Bank deposits 33.1k NOK → 1 066 NOK (-96.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation