A BIRKELAND TRAPPESNEKKERI AS: årsregnskap 2013 vs 2012
Shrank 85% on revenue, cash halved-plus
approved 2014-06-30; registry 2014-08-18; journal 2014 665271
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A BIRKELAND TRAPPESNEKKERI AS. Revenue 1.31m NOK → 199.5k NOK (-84.7%). Equity 120.5k NOK → -6 851 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A BIRKELAND TRAPPESNEKKERI AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 784.0k NOK → 626.6k NOK (60% → 314% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.31m NOK to 199.5k NOK (-84.7% YoY). Calculated
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↓
Equity eroded
Book equity 120.5k NOK → -6 851 NOK (equity ratio 10.5% → -0.8%). Calculated
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↓
Cash fell
Bank deposits 364.5k NOK → 170.0k NOK (-53.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.59× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 225.0k NOK → 382.6k NOK (+70.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation