A3 RESSURS HOLDING AS: årsregnskap 2013 vs 2012
Grew 24% on revenue, slipped into loss, cash halved-plus
approved 2014-05-13; registry 2014-05-21; journal 2014 411990
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for A3 RESSURS HOLDING AS. Revenue 17.13m NOK → 21.31m NOK (+24.4%). Net result +155.6k NOK → -81.0k NOK. Equity 4.52m NOK → 4.44m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for A3 RESSURS HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 17.13m NOK to 21.31m NOK (+24.4% YoY). Calculated
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Payroll decreased
Salary cost 10.67m NOK → 10.22m NOK (62% → 48% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +212.6k NOK → +108.3k NOK (op. margin 1.2% → 0.5%). Calculated
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Fell into a net loss
Net result flipped from 155.6k NOK profit to a loss of 81.0k NOK. Calculated
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Equity eroded
Book equity 4.52m NOK → 4.44m NOK (equity ratio 33.4% → 32.5%). Calculated
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Cash fell
Bank deposits 2.30m NOK → 699.0k NOK (-69.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.30m NOK → 699.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 3.50m NOK → 5.53m NOK (+57.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 6.65m NOK → 6.64m NOK. Reported fact