A.FERKINGSTAD INVEST AS: årsregnskap 2013 vs 2012
Mixed movements in the accounts
approved 2014-06-30; registry 2014-08-12; journal 2014 645545
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A.FERKINGSTAD INVEST AS. Equity 796.0k NOK → 1 167 NOK.
On the constructive side: operating result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A.FERKINGSTAD INVEST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -4 675 NOK → -4 153 NOK. Calculated
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↑
Cash rose
Bank deposits 175.7k NOK → 523.3k NOK (+197.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 796.0k NOK → 1 167 NOK (equity ratio 98.8% → 0.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 76.91× → 0.59× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 288.3k NOK → 588.3k NOK. Reported fact