ABECO AS: årsregnskap 2013 vs 2012
Shrank 7% on revenue, weaker earnings, cash halved-plus
approved 2014-06-18; registry 2014-07-02; journal 2014 536232
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABECO AS. Revenue 1.63m NOK → 1.52m NOK (-6.7%). Net result -53.1k NOK → -80.8k NOK. Equity 253.7k NOK → 99.4k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABECO AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.63m NOK to 1.52m NOK (-6.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +164.1k NOK → -104.8k NOK (op. margin 10.1% → -6.9%). Calculated
-
↓
Net result weakened
Net result -53.1k NOK → -80.8k NOK (net margin -3.3% → -5.3%). Calculated
-
↓
Equity eroded
Book equity 253.7k NOK → 99.4k NOK (equity ratio 28.4% → 24.9%). Calculated
-
↓
Cash fell
Bank deposits 453.6k NOK → 157.8k NOK (-65.2% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 103.6k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 104.6k NOK → 65.5k NOK. Reported fact