ABILDSØ ELEKTRISKE AS: årsregnskap 2013 vs 2012
Shrank 16% on revenue, returned to profit
approved 2014-04-14; registry 2014-06-21; journal 2014 480826
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABILDSØ ELEKTRISKE AS. Revenue 21.75m NOK → 18.21m NOK (-16.3%). Net result -70.0k NOK → +928.4k NOK. Equity 467.5k NOK → 396.0k NOK.
On the constructive side: turned profitable; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABILDSØ ELEKTRISKE AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 70.0k NOK to a profit of 928.4k NOK. Calculated
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↑
Cash rose
Bank deposits 344.0k NOK → 818.1k NOK (+137.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 9.09m NOK → 8.63m NOK (42% → 47% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 21.75m NOK to 18.21m NOK (-16.3% YoY). Calculated
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↓
Equity eroded
Book equity 467.5k NOK → 396.0k NOK (equity ratio 12.0% → 8.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 9.41m NOK → 4.56m NOK (-51.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 9 000 NOK → 11.6k NOK. Reported fact