A. MARTINSEN INVEST AS: årsregnskap 2013 vs 2012
Shrank 69% on revenue
approved 2014-05-05; registry 2014-05-15; journal 2014 397718
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A. MARTINSEN INVEST AS. Revenue 1.20m NOK → 372.2k NOK (-69.0%). Equity 4.24m NOK → 3.28m NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A. MARTINSEN INVEST AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 116.0k NOK → 266.0k NOK (+129.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.75× → 1.94×. Calculated
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↑
Payroll decreased
Salary cost 1.38m NOK → 12.2k NOK (115% → 3% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.20m NOK to 372.2k NOK (-69.0% YoY). Calculated
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↓
Equity eroded
Book equity 4.24m NOK → 3.28m NOK (equity ratio 63.5% → 60.1%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 1.56m NOK → 1.36m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 7 500 NOK → 4.81m NOK. Reported fact