AB SCIEX AS: årsregnskap 2013 vs 2012
Shrank 17% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AB SCIEX AS. Revenue 3.74m NOK → 3.10m NOK (-17.2%). Net result +99.5k NOK → -196.9k NOK. Equity 207.8k NOK → 10.9k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AB SCIEX AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.79× → 3.01×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.74m NOK to 3.10m NOK (-17.2% YoY). Calculated
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↓
Operating result weakened
Operating result +101.7k NOK → -91.3k NOK (op. margin 2.7% → -2.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 99.5k NOK profit to a loss of 196.9k NOK. Calculated
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↓
Equity eroded
Book equity 207.8k NOK → 10.9k NOK (equity ratio 10.5% → 0.4%). Calculated
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↓
Cash fell
Bank deposits 410.0k NOK → 393.9k NOK (-3.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation