AB TRAFIKKSENTER AS: årsregnskap 2013 vs 2012
Shrank 8% on revenue, stronger earnings
approved 2015-02-11; registry 2015-02-16; journal 2015 306271
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AB TRAFIKKSENTER AS. Revenue 6.53m NOK → 6.00m NOK (-8.1%). Net result +9 832 NOK → +156.9k NOK. Equity 14.5k NOK → -136.5k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. 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 AB TRAFIKKSENTER AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +9 832 NOK → +156.9k NOK (net margin 0.2% → 2.6%). Calculated
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Cash rose
Bank deposits 205.2k NOK → 361.4k NOK (+76.1% YoY). Calculated
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Payroll decreased
Salary cost 3.21m NOK → 2.82m NOK (49% → 47% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.53m NOK to 6.00m NOK (-8.1% YoY). Calculated
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Operating result weakened
Operating result +175.4k NOK → -116.4k NOK (op. margin 2.7% → -1.9%). Calculated
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↓
Equity eroded
Book equity 14.5k NOK → -136.5k NOK (equity ratio 0.9% → -9.9%). Calculated
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COGS moved
COGS / varekostnad 267.3k NOK → 290.0k NOK (+8.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation