A. JENSEN AS: årsregnskap 2013 vs 2012
Grew 100677% on revenue, stronger earnings, cash halved-plus
approved 2014-02-28; registry 2014-03-13; journal 2014 317017
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A. JENSEN AS. Revenue 1 716 NOK → 1.73m NOK (+100677.3%). Net result +1 554 NOK → +273.1k NOK. Equity 101.6k NOK → -171.6k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for A. JENSEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1 716 NOK to 1.73m NOK (+100677.3% YoY). Calculated
-
↑
Net result improved
Net result +1 554 NOK → +273.1k NOK (net margin 90.6% → 15.8%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +137.1k NOK → -96.2k NOK (op. margin 7987.6% → -5.6%). Calculated
-
↓
Equity eroded
Book equity 101.6k NOK → -171.6k NOK (equity ratio 2.2% → -4.0%). Calculated
-
↓
Cash fell
Bank deposits 398.5k NOK → 56.5k NOK (-85.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 228.60× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2 347 NOK → 252.7k NOK (137% → 15% of revenue). Calculated