Org.nr 987 927 178 2012 → 2013 Year-over-year analysis

ABILITY HOLDING AS: årsregnskap 2013 vs 2012

Shrank 97% on revenue, cash halved-plus

approved 2014-12-19; registry 2015-01-26; journal 2015 302051

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ABILITY HOLDING AS. Revenue 1.60m NOK → 54.0k NOK (-96.6%). Equity 8.11bn NOK → 66.90m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABILITY HOLDING AS.

At a glance

Revenue

1.60m NOK 54.0k NOK

-96.6%

Equity

8.11bn NOK 66.90m NOK

-99.2%

Cash

2.19m NOK 825.9k NOK

-62.4%

Total assets

116.05m NOK 75.68m NOK

-34.8%

↓
Revenue fell

Operating income / revenue moved from 1.60m NOK to 54.0k NOK (-96.6% YoY). Calculated
↓
Equity eroded

Book equity 8.11bn NOK → 66.90m NOK (equity ratio 6985.5% → 88.4%). Calculated
↓
Cash fell

Bank deposits 2.19m NOK → 825.9k NOK (-62.4% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (2.19m NOK → 825.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 836.4k NOK → 839.4k NOK. Reported fact