A/S Hovinveien 7 og 9: årsregnskap 2013 vs 2012
Shrank 9% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A/S Hovinveien 7 og 9. Revenue 1.56m NOK → 1.41m NOK (-9.4%). Net result 0 NOK → -646.8k NOK. Equity 48.5k NOK → -695.2k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Hovinveien 7 og 9.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -1.54m NOK → -398.9k NOK (op. margin -99.2% → -28.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.56m NOK to 1.41m NOK (-9.4% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 646.8k NOK. Calculated
-
↓
Equity eroded
Book equity 48.5k NOK → -695.2k NOK. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -12.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation