Org.nr 947 014 781 2012 → 2013 Year-over-year analysis

A/S MILLENIUM: årsregnskap 2013 vs 2012

Cash halved-plus

approved 2014-05-13; registry 2014-06-26; journal 2014 515444

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for A/S MILLENIUM. Revenue 0 NOK → 0 NOK (0.0%). Equity 41.90m NOK → 31.98m NOK.

Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for A/S MILLENIUM.

At a glance

Revenue

0 NOK 0 NOK

0.0%

Operating result

-51.5k NOK n/m

—

Net result

+8.05m NOK n/m

—

Equity

41.90m NOK 31.98m NOK

-23.7%

Cash

13.44m NOK 2.36m NOK

-82.4%

Total assets

43.94m NOK 33.14m NOK

-24.6%

↓
Equity eroded

Book equity 41.90m NOK → 31.98m NOK (equity ratio 95.4% → 96.5%). Calculated
↓
Cash fell

Bank deposits 13.44m NOK → 2.36m NOK (-82.4% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (13.44m NOK → 2.36m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Paid-in equity reduced

Paid-in equity fell 26.46m NOK → 318.0k NOK — check capital reduction, conversion, or reclassification. Interpretation