ABAN INTERNATIONAL NORWAY AS: årsregnskap 2013 vs 2012
Shrank 16% on revenue, returned to profit, cash halved-plus
approved 2013-09-12; registry 2014-03-15; journal 2014 318700
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABAN INTERNATIONAL NORWAY AS. Revenue 74.72m NOK → 63.13m NOK (-15.5%). Net result -4.95m NOK → +7.27m NOK. Equity 79.52m NOK → 516.25m NOK.
On the constructive side: turned profitable; equity strengthened; owners injected capital. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABAN INTERNATIONAL NORWAY AS.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 4.95m NOK to a profit of 7.27m NOK. Calculated
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↑
Equity strengthened
Book equity 79.52m NOK → 516.25m NOK (equity ratio 9.9% → 31255.9%). Calculated
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Owners injected capital
Paid-in equity rose 216.5k NOK → 516.2k NOK (+299.7k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 74.72m NOK to 63.13m NOK (-15.5% YoY). Calculated
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↓
Cash fell
Bank deposits 10.20m NOK → 60.0k NOK (-99.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.71× → 0.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 0 NOK → 11.54m NOK (0% → 18% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (10.20m NOK → 60.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 23.16bn NOK → 23.11m NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 804.92m NOK → 1.56m NOK. Reported fact