ABELNES EIENDOM AS: årsregnskap 2013 vs 2012
Weaker earnings
approved 2014-08-29; registry 2014-09-13; journal 2014 828262
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABELNES EIENDOM AS. Revenue 3.31m NOK → 3.30m NOK (-0.3%). Net result -158.1k NOK → -1.18m NOK. Equity 1.49m NOK → 315.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABELNES EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 599 NOK → 71.8k NOK (+11880.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.31m NOK to 3.30m NOK (-0.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +837.5k NOK → -114.6k NOK (op. margin 25.3% → -3.5%). Calculated
-
↓
Net result weakened
Net result -158.1k NOK → -1.18m NOK (net margin -4.8% → -35.6%). Calculated
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↓
Equity eroded
Book equity 1.49m NOK → 315.1k NOK (equity ratio 6.9% → 1.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 229.2k NOK → 155.3k NOK (-32.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 494.9k NOK → 788.9k NOK. Reported fact