5C EIENDOM AS: årsregnskap 2013 vs 2012
Grew 4071% on revenue, cash halved-plus
approved 2014-03-24; registry 2014-03-31; journal 2014 335128
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 5C EIENDOM AS. Revenue 21.2k NOK → 883.7k NOK (+4070.9%). Net result -334.3k NOK → -288.5k NOK. Equity 198.8k NOK → -89.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 5C EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 21.2k NOK to 883.7k NOK (+4070.9% YoY). Calculated
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↑
Operating result improved
Operating result +125.3k NOK → +163.9k NOK (op. margin 591.4% → 18.5%). Calculated
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↑
Net result improved
Net result -334.3k NOK → -288.5k NOK (net margin -1577.8% → -32.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 198.8k NOK → -89.8k NOK (equity ratio 1.4% → -0.7%). Calculated
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↓
Cash fell
Bank deposits 970.2k NOK → 79.0k NOK (-91.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation