ABLE AS: årsregnskap 2013 vs 2012
Shrank 21% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABLE AS. Revenue 2.73m NOK → 2.15m NOK (-21.1%). Net result +487.6k NOK → -243.8k NOK. Equity 170.6k NOK → 426.7k NOK.
On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABLE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 170.6k NOK → 426.7k NOK (equity ratio 25.2% → 42.1%). Calculated
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↑
Owners injected capital
Paid-in equity rose 111.5k NOK → 426.7k NOK (+315.2k NOK). Reported fact
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↑
Payroll decreased
Salary cost 1.05m NOK → 2 NOK (39% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.73m NOK to 2.15m NOK (-21.1% YoY). Calculated
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↓
Operating result weakened
Operating result +663.4k NOK → -354.1k NOK (op. margin 24.3% → -16.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 487.6k NOK profit to a loss of 243.8k NOK. Calculated
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↓
Cash fell
Bank deposits 790.8k NOK → 410.5k NOK (-48.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 5 NOK → 10.0k NOK. Reported fact