Org.nr 916 050 356 2012 → 2013 Year-over-year analysis

A C SMITH EIENDOM AS: årsregnskap 2013 vs 2012

Weaker earnings, cash halved-plus

approved 2014-06-26; registry 2014-06-30; journal 2014 526277

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for A C SMITH EIENDOM AS. Net result +937.4k NOK → +673.6k NOK. Equity 4.93m NOK → 5.60m NOK.

On the constructive side: equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.

Net tougher year on the published lines.

At a glance

Revenue

n/m 1.13m NOK

—

Operating result

+1.44m NOK +982.0k NOK

-31.9%

Net result

+937.4k NOK +673.6k NOK

-28.1%

Equity

4.93m NOK 5.60m NOK

+13.7%

Cash

286.9k NOK 22.1k NOK

-92.3%

Total assets

7.68m NOK 6.29m NOK

-18.1%

↑
Equity strengthened

Book equity 4.93m NOK → 5.60m NOK (equity ratio 64.2% → 89.1%). Calculated

↓
Operating result weakened

Operating result +1.44m NOK → +982.0k NOK. Calculated
↓
Net result weakened

Net result +937.4k NOK → +673.6k NOK. Calculated
↓
Cash fell

Bank deposits 286.9k NOK → 22.1k NOK (-92.3% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 3.82× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated