A24A GROUP AS: årsregnskap 2013 vs 2012
Cash halved-plus
approved 2014-05-31; registry 2014-09-10; journal 2014 814833
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A24A GROUP AS. Revenue 54.0k NOK → 51.5k NOK (-4.6%). Equity -33.5k NOK → -90.7k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A24A GROUP AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 54.0k NOK to 51.5k NOK (-4.6% YoY). Calculated
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↓
Operating result weakened
Operating result -25.2k NOK → -57.2k NOK (op. margin -46.6% → -111.1%). Calculated
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↓
Equity eroded
Book equity -33.5k NOK → -90.7k NOK (equity ratio -3.9% → -260.9%). Calculated
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↓
Cash fell
Bank deposits 849.4k NOK → 379.8k NOK (-55.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 24.75× → 0.28× — 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 -260.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation