ABILITY AS: årsregnskap 2013 vs 2012
Grew 1284% on revenue, cash halved-plus
approved 2014-07-30; registry 2014-09-03; journal 2014 762893
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABILITY AS. Revenue 98.7k NOK → 1.37m NOK (+1284.0%). Equity -139.2k NOK → -315.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABILITY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 98.7k NOK to 1.37m NOK (+1284.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -48.7k NOK → -140.0k NOK (op. margin -49.3% → -10.3%). Calculated
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↓
Equity eroded
Book equity -139.2k NOK → -315.0k NOK (equity ratio -19.9% → -47.9%). Calculated
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↓
Cash fell
Bank deposits 2 008 NOK → 389 NOK (-80.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -47.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 221.3k NOK → 499.3k NOK (+125.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 130.0k NOK → 422.3k NOK. Reported fact