A.K. DRIFT AS: årsregnskap 2013 vs 2012
Shrank 200% on revenue, cash halved-plus
approved 2014-11-07; registry 2014-11-10; journal 2014 873230
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A.K. DRIFT AS. Revenue 20.0k NOK → -20.0k NOK (-200.0%). Net result -22.6k NOK → -29.4k NOK. Equity -1.25m NOK → -985.1k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for A.K. DRIFT AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -1.25m NOK → -985.1k NOK (equity ratio -3280.0% → -547281.7%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 20.0k NOK to -20.0k NOK (-200.0% YoY). Calculated
-
↓
Net result weakened
Net result -22.6k NOK → -29.4k NOK (net margin -112.9% → 146.9%). Calculated
-
↓
Cash fell
Bank deposits 29.6k NOK → 180 NOK (-99.4% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.83× → 0.00× — 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 -547281.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 125.9k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation