ABAX TECHNOLOGY AS: årsregnskap 2013 vs 2012
Cash halved-plus
approved 2014-05-22; registry 2014-08-18; journal 2014 667644
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABAX TECHNOLOGY AS. Equity 3 967 NOK → -147.4k NOK.
On the constructive side: operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABAX TECHNOLOGY AS.
At a glance
Scorecard
Revenue
n/m
0 NOK
—
Operating result
+96.6k NOK
+151.4k NOK
+56.7%
Net result
n/m
+151.4k NOK
—
Equity
3 967 NOK
-147.4k NOK
-3816.1%
Cash
19.5k NOK
799 NOK
-95.9%
Total assets
587.1k NOK
225.4k NOK
-61.6%
What improved
-
↑
Operating result improved
Operating result +96.6k NOK → +151.4k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 3 967 NOK → -147.4k NOK (equity ratio 0.7% → -65.4%). Calculated
-
↓
Cash fell
Bank deposits 19.5k NOK → 799 NOK (-95.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -65.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation