AB SERVICE AS: årsregnskap 2013 vs 2012
A steady year on the published lines
approved 2014-03-19; registry 2014-03-29; journal 2014 333234
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AB SERVICE AS. Revenue 4.52m NOK → 4.44m NOK (-1.9%). Equity 829.1k NOK → 100.9k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AB SERVICE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.52m NOK to 4.44m NOK (-1.9% YoY). Calculated
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↓
Equity eroded
Book equity 829.1k NOK → 100.9k NOK (equity ratio 32.2% → 2.9%). Calculated
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↓
Cash fell
Bank deposits 920.9k NOK → 615.9k NOK (-33.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.76m NOK → 2.04m NOK (39% → 46% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation