88 EIENDOM AS: årsregnskap 2013 vs 2012
Grew 9% on revenue, cash halved-plus
approved 2014-04-08; registry 2014-06-19; journal 2014 476493
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 88 EIENDOM AS. Revenue 522.3k NOK → 567.4k NOK (+8.6%). Equity -46.9k NOK → -406.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 88 EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 522.3k NOK to 567.4k NOK (+8.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +218.7k NOK → +92.5k NOK (op. margin 41.9% → 16.3%). Calculated
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↓
Equity eroded
Book equity -46.9k NOK → -406.8k NOK (equity ratio -0.8% → -4.9%). Calculated
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↓
Cash fell
Bank deposits 384.0k NOK → 95.4k NOK (-75.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation