A/S Edvardsen Eiendom: årsregnskap 2013 vs 2012
Shrank 17% on revenue, weaker earnings
approved 2014-05-20; registry 2014-05-27; journal 2014 421596
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A/S Edvardsen Eiendom. Revenue 891.3k NOK → 735.7k NOK (-17.5%). Net result +325.9k NOK → +146.0k NOK. Equity 1.70m NOK → 1.75m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S Edvardsen Eiendom.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.70m NOK → 1.75m NOK (equity ratio 27.8% → 31.8%). Calculated
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↑
Cash rose
Bank deposits 186.4k NOK → 306.1k NOK (+64.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 891.3k NOK to 735.7k NOK (-17.5% YoY). Calculated
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↓
Net result weakened
Net result +325.9k NOK → +146.0k NOK (net margin 36.6% → 19.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.73× → 0.80× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 3.46m NOK → 2.60m NOK. Reported fact